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Raeside Chisholm Solicitors Blog

Blog and latest news from our solicitors based in Glasgow, Scotland. Call us to find out how we can help you.

House prices in the Scottish countryside rising at the fastest rate since 2007

Recent research has revealed that house prices in the Scottish countryside have risen at the fastest rate since before the 2008 banking crisis. This analysis has found that there was a 5.5% increase in the three months to June, which the largest quarterly jump since the second quarter of 2007.

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Scottish house prices resume upward trend in May

Average house prices in Scotland increased by 5.4% between April and May 2021, reversing a 4.1% fall in the previous month, according to provisional statistics from the UK house price index released by Registers of Scotland. The overall average figure of £171,448 was also 12.1% higher than in May 2020, when the market was significantly affected by the first coronavirus lockdown. Across the UK as a whole, the average price of £254,624 was up 0.9% on the previous month and up 10.0% on May 2020. All 32 local authority areas in Scotland showed a year-on-year increase. The largest mainland increase (Orkney and Shetland both saw rises of more than 30%) was in Inverclyde (20.2%), followed by East Dunbartonshire (18.9%), Argyll & Bute (17.8%) and East Renfrewshire (16.4%). The smallest increase was recorded in Angus (1.7%), followed by Moray (2.1%) and City of Aberdeen (2.6%).

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Location, location, frustration

The news from the Registers and all property professionals is that house prices in Scotland are rising at the fastest pace for 14 years!

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378 Hits

Pandemic boosts property investment

Recent research has shown that economic uncertainty caused by the Corona Virus has led to more people investing in property. Data shows that property investors bought twice as many homes in the first quarter of 2021 as they did during the same stage last year.  In fact, investor purchases increased by 111% year on year and there were 63% more homes sold in the UK during the first three months of 2021.

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Encouraging update on forecast for 2021

Previously many Estate Agents had indicated that in their view house price growth would remain flat this year, as the economy floundered after the successive Covid lockdowns and the end of furlough.

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537 Hits

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Latest News

22 July 2021
Estate Agency
Recent research has revealed that house prices in the Scottish countryside have risen at the fastest rate since before the 2008 banking crisis. This analysis has found that there was a 5.5% increase in the three months to June, which the largest quar...
15 July 2021
Estate Agency
Average house prices in Scotland increased by 5.4% between April and May 2021, reversing a 4.1% fall in the previous month, according to provisional statistics from the UK house price index released by Registers of Scotland. The overall average figur...
24 May 2021
Estate Agency
The news from the Registers and all property professionals is that house prices in Scotland are rising at the fastest pace for 14 years! Although Spring is usually a busy period in the housing market, the number of transactions in Scotland is sharply...
16 April 2021
Estate Agency
Recent research has shown that economic uncertainty caused by the Corona Virus has led to more people investing in property. Data shows that property investors bought twice as many homes in the first quarter of 2021 as they did during the same stage ...
23 March 2021
Estate Agency
Previously many Estate Agents had indicated that in their view house price growth would remain flat this year, as the economy floundered after the successive Covid lockdowns and the end of furlough. With great news for house sellers, they are now rec...
18 March 2021
Estate Agency
After closing to new applications in October 2020, the First Home Fund is reopening and will be available for purchases from 1 April 2021 and completed before 31 March 2022. This article will look closely at how the scheme works, the eligibility requ...

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