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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.

Impact of Covid19 on Scotland’s property department

The ESPC have analysed the impact that Covid19 has had on the Scottish market.  Whilst there has been a marked decrease in both the volume of sales and the number of houses coming to the market since March, the analysis has found that this is because of the impact of social distancing measures and Scottish Government guidance, rather than lack of demand. 

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Scotland’s property market adapts to social distancing measures

Despite the uncertainty and the new restrictions on daily life imposed by the UK Government, several buyers still want to make property purchases.  We are still finding cases of buyers paying in excess of the Home Report valuation for a house or flat and many properties are still going to closing dates. This shows that buyers are still keen to secure property purchases, despite the Coronavirus pandemic.  If you want to go ahead with either a purchase or sale, our conveyancing team are pleased to be available to assist you and are able to deal with all matters remotely at this time.

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Deal agreed to unblock Scottish house sale transactions

The Law society of Scotland has agreed temporary measures with mortgage lenders that should unbock house sale transactions which are close to completion. Many transactions were put on hold after the Registers of Scotland closed their official register for new documents because of staff health risks due to the Coronavirus. It is great news that a technical legal fix has now been agreed, which means that most major lenders are able to release mortgage funds.

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In Spite of Coronavirus, It may be a Good Time to be Buying and Selling Property in Scotland

In response to the current outbreak of coronavirus (COVID-19), a lot of people are asking whether it is still a good time to be buying and selling or whether they should wait until the coronavirus (COVID-19) outbreak has passed.

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1063 Hits

Scottish homes are selling 28% quicker than the rest of the UK

Residential properties in Scotland are taking an average of 12.57 weeks to sell compared to 16.11 weeks in England and Wales – representing a 28.16 per cent difference, recent figures reveal.

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Latest News

07 January 2022
Estate Agency
House prices in Motherwell, North Lanarkshire rose at the highest rate in Scotland in 2021, recording the largest increase in both percentage terms at 17.3% and in cash terms at £26,103.00, rising to £177,118.00. According to figures issued by the Ba...
29 October 2021
Estate Agency
The Law Society of England have joined the National Economic Crime Centre and Action Fraud to issue flyers to home buyers warning that they should be vigilant against fraud scams when completing on a property purchase. This is an issue that is equall...
29 October 2021
Legal Services for the Elderly
Experts in Confirmation in Scotland and Probate in England have warned that the growing popularity of online Will writing could lead to a surge in contested Executry cases. An analysis by a research and consultancy firm of 26 online Will writers have...
28 October 2021
Raeside Chisholm Solicitors News
A reminder that we are taking part in the Will Aid scheme this November.  The Will Aid scheme takes place across the country throughout the month of November and supports ActionAid, Age UK, British Red Cross, Christian Aid, NSPCC, Save the Child...
19 October 2021
Commercial
It has been reported that momentum in Glasgow’s office market has “significantly” increased over the past three months, with activity expected to remain healthy across all sectors. Take up in the city centre is up 66% on the ten-year average.  O...
29 September 2021
Estate Agency
The average house price in Scotland reached a new record level this summer. At the end of July, the average price stood at £207,877.00. This was up £5,950.00 or 2.9% on June, which is the largest increase in a month for over 6 years. Figures revealed...

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