Raeside Chisholm Solicitors Blog

Evidence in the market is showing that, even despite the fact that buyers can only have virtual tours of properties just now, demand is now stronger than it was before the property market was frozen at the end of March.

According to the March UK House Price Index, house prices in Scotland were firm in the weeks leading up to the Covid19 lockdown.  The average price of a property was £151,856.00 which is an annual increase of 1.5% and 0.4% up on the previous month.

Emergency legislation which is aimed at helping some property buyers is expected to pass through the Scottish Parliament this week. 

The Scottish Government are proposing a loan scheme to provide support for private Landlords covering 100% of the rental income from one property. 

The Royal Institution of Chartered Surveyors has urged the Scottish Government to give some clarity on restarting the house buying and selling process, including inspections and valuations.