Author: Robert Carroll
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February Property Market Update 2024
Property Market Highlights Scottish Property Sales Volumes Rose by 2.8% Year-on-Year Despite November to January typically being a quieter period for the residential property market, property sales volumes across East Central Scotland saw a gentle but encouraging uptick of 2.8% year-on-year, according to the latest data from ESPC. This indicates growing interest among buyers compared…
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November Property Market Update 2023
Property Market Highlights Property Prices & Sales Fall at Slower Rate in Scotland Compared to Rest of UK The rate at which average UK house prices and sales are falling has eased in the past month, according to Scottish Building News, which reveals that surveyors are more optimistic about the short- and long-term future of…
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October Property Market Update 2023
Property Market Highlights Scottish Property Market Proving More Resilient than Other UK Nations Data published by the Halifax House Price Index indicates the Scottish property market is holding its own amid the economic uncertainty of the last 12 months, faring comparatively better than other UK nations and coming second only to Northern Ireland. Reporting on…
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September Property Market Update 2023
Property Market Highlights Average House Prices in Scotland Fall for First Time in Three Years It’s hard to believe that it is almost a year since the UK Government’s ill-fated “Mini Budget” that caused huge ripples in the mortgage market and a significant spike in the cost of borrowing for most house buyers. Since then,…
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August Property Market Update 2023
Property Market Highlights Marginal Average House Price Increase Across Scotland’s Key Local Markets The latest market report from ESPC announced a modest property price increase across Scotland’s key local areas between May and July 2023. Edinburgh, the Lothians, Fife, and the Borders enjoyed a 0.4% boost, bringing the average property price to £287,820. This suggests…
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June Property Market Update 2023
Property Market Highlights House Prices Across Key Local Markets Rose by 0.4% Between March – May 2023, Taking the National Average Property Price to £274,162. In May, we saw a shift in the Scottish housing market as house prices experienced a slight decline, following the broader trend seen across the UK. This month, we’re seeing…
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April Property Market Update 2023
Property Market Highlights Mortgage Rates Fall & Mortgage Availability improving This March saw a welcome fall in mortgage rates, with some offering 4% on lower loan-to-value products. Moreover, typical costs for two- and five-year deal mortgages decreased, falling back to match the rates shown in October 2022 despite The Bank of England raising the Bank…
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March Property Market Update
Property Market Highlights Average house prices in Scotland hit £187,000 with certain areas still providing strong growth Certain areas still buoyant despite economic landscape, including, Dunfermline, Leith and Musselburgh Despite certain headwinds property prices remain strong with 80.7% of properties achieving 103.6% of their valued worth Properties Across Central Belt & Borders Rose 2.2%, Hitting…
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February Property Market Update 2023
Property Market Highlights Strong market activity continues despite rise in interest rates and economic uncertainty Average property prices increase across Scotland, continuing the 2022 trend 84.9% of properties sold for or above Home Report valuations at sale between November 2022 and January 2023 The median property selling time in January was 19 days, two days…
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January Property Market Update 2023
Property Market Highlights 2022 closed with average Scottish house prices hitting £242,213 – an increase of more than £23,000 year-on-year. October to December 2022 saw the average price of properties across Edinburgh, the Lothians, Fife and the Borders rise to £291,023, an increase of 6.8% year-on-year. Sales volumes dropped by 13.7% and new properties coming…