Blog

  • What Does the UK Hung Parliament General Election Result Mean for the Scottish Property Market?

    By on June 9, 2017

    The UK General Election results are in and we have a ‘hung parliament’, with no one party being able to form a majority government for the second time in seven years. So, is the General Election result likely to be good or bad for the Scottish property market? Ultimately, whether it’s a majority coalition, a single party majority or a

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  • Is the Bank of Mum and Dad Harming the Property Market

    By on May 31, 2017

    A recent report published by Legal & General showed that the so-called ‘Bank of Mum and Dad (BOMAD)’ will finance 26 per cent of all mortgages in the UK in 2017, placing it in the Top 10 of the UK’s top lenders. With mortgage approvals reportedly having dipped for the second month in a row, is the Bank of Mum

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  • Is There Benefit to Selling Through the Solicitor Estate Agent Who Did My Purchase

    By on May 31, 2017

    We are commonly asked whether there is an advantage to selling your home through the same solicitor who did your purchase. With about 50% of properties in Scotland being sold through solicitor estate agents, it’s quite easy to find a solicitor in most parts of Scotland who can also market your home for sale. It’s therefore an important question for

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  • Property Market Update May 2017

    By on May 31, 2017

    Property Prices Rise as Sellers Market Continues Continuing the trends that we have seen so far in 2017, the latest reports published by ESPC show that the price of property throughout East Central Scotland is continuing to rise and that selling times are continuing to fall. The most recent statistics show that the average price of a property in East

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  • What will the triggering of Article 50 mean for property prices in Scotland?

    By on April 30, 2017

    After the EU Referendum, recriminations and subsequent political infighting, Article 50 was finally triggered on 29 March 2017, marking the start of the process of the United Kingdom leaving the European Union. So, what exactly will ‘Brexit’ mean for the property market in East Central Scotland, Scotland and the UK as a whole? Isabelle Taylor, writing in The Telegraph, states:

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  • Why do Solicitors settle property sales by cheque and when do I get my money after settlement?

    By on April 30, 2017

    One of the most commonly asked questions by property sellers is: ‘When do I get my money after my property sells?’. However, we were recently asked a similar question: ‘Why do solicitors still settle by cheque when I could get my money much more quickly if they settled by CHAPS ?’. What should be a simple

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  • Is Your Property Value Linked to Your Happiness?

    By on April 30, 2017

    A recent Edinburgh People Survey (EPS) listed the areas in and around Edinburgh where people were most satisfied with living in their neighbourhood. The survey got us wondering: is there a link between general happiness and house prices? Popular philosopher and author, Alain de Botton, in his book, ‘The Architecture of Happiness’, states that, “We depend on our surroundings obliquely

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  • Property Market Update April 2017

    By on April 30, 2017

    Selling Times Fall While Property Prices Continue to Rise As we have seen throughout 2016 and the first quarter of 2017, the latest house price reports published by ESPC show that house prices are continuing to rise across East Central Scotland with selling times continuing to fall. A recent report from ESPC reveals that the average selling price of a

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  • The Best Performing Areas in the Edinburgh, Lothians and Fife Property Market

    By on March 31, 2017

    Recently released figures have revealed the top performing areas and property types in East Central Scotland, and they may surprise you. Figures released by ESPC reveal that three bedroom houses in the Blackhall, Davidson Mains and Silverknowes area of Edinburgh increased in price by a staggering 26.7% from £287,054 to £363,743 between December 2016 and February 2017. While the Blackhall,

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  • What is a Note of Interest in Scottish Property Market?

    By on March 31, 2017

    If you’re thinking of buying a property in Scotland, you might be wondering what a Note of Interest is, why you would want to note interest and who can submit a Note of Interest for you. This article will answer your questions. A Note of Interest is a way of trying to ensure that you get a chance to make

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