Tag: bank of England

  • Interest Rates Cut to Stimulate Edinburgh Property Market Post-Brexit Referendum

    The Bank of England Monetary Policy Committee’s decision to cut interest rates is good news for property buyers and sellers in East Central Scotland, say local solicitors and estate agents. The Bank of England’s Monetary Policy Committee voted unanimously on 4 August 2016, to cut the Bank Rate (commonly referred to as ‘’The Bank of…

  • Property Prices and Level of Sales Remain Relatively Strong in East Central Scotland Property Market

    At the end of July 2016, the property market in East Central Scotland is still showing extremely healthy buyer demand, say local solicitors and estate agents. Latest figures released by the ESPC for the period between April and June of 2016 show that the number of homes sold in East Central Scotland decreased by 5.6%…

  • Interest Rates Remain Unchanged as Confidence Grows in East Central Scotland Property Market

    The Bank of England Monetary Policy Committee’s decision not to cut interest rates for the immediate future gives cause for confidence in the Scottish property market, say local solicitors and estate agents. The Bank of England voted on 14 July 2016, by a majority of eight to one, to keep the Bank Rate (commonly referred…

  • Property News Round Up February 2016

    Property News Round Up February 2016 In this month’s bumper Property News Round-Up, we take a look at property sales and price trends, the extension of the Help to Buy Scheme in 2016, the planned supplement on Land and Buildings Transaction Tax for buy-to-let investors and second-home buyers as well as how likely it is…

  • Monthly Property Market News Round-Up January 2016

    In this month’s bumper Property Market News Round-Up, we take a look at property sales and price trends, the extension of the Help to Buy Scheme in 2016, the planned supplement on Land and Buildings Transaction Tax for buy-to-let investors and second-home buyers as well as the prospects of interest rate rises in 2016. Property…

  • MOV8 Real Estate’s 2015 Review of the Year – Scottish Property Market

    MOV8 Real Estate’s 2015 Review of the Year – Scottish Property Market 2015 has certainly been an eventful year for the Scottish property market! With Stamp Duty being replaced by a new property tax on 1 April 2015, interest rates remaining unchanged for a record length of time, sales at their highest level in almost…

  • MOV8’s Property Market Predictions for 2016

    MOV8’s Property Market Predictions for 2016 What lies in store for the Scottish property market in 2016? For our predictions, read on… House Prices The average house price across East Central Scotland has increased by 6% from £202,037 to £214,172, for the months of January to November 2015, with an increase of 6.8% within Edinburgh…

  • Monthly Property Market News Round-Up November 2015

    Monthly Property Market News Round-Up November 2015 Property Sales Increasing As we inch towards the end of 2015, property sales across Edinburgh and the Lothians have remained strong. Throughout the year, the number of homes changing hands has been at its highest level since the onset of the ‘credit crunch’ in 2008. The latest figures…

  • Monthly Market Update August 2015

    Edinburgh Buyer Activity on the Rise Although I can hardly believe I’m saying this, we’re already past the midway point of 2015. The sun is out and the Festival is winding down, but we haven’t seen any signs of the housing market taking a break for the summer this year. The number of homes changing…

  • Monthly Property Market Update July 2015

    There’s been no shortage of economic news this July both at home and abroad. The headlines in the early part of the month were dominated by events in Greece where, after prolonged and often fraught discussions, a Greek exit from the Euro was narrowly avoided. Hot on the heels of that we had the chancellor’s…