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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.

Property sector re-start

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. 

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How Coronavirus has impacted Scotland’s property market

A research company has compiled a timeline of Coronavirus and Scotland’s property market from the introduction of social distancing measures in mid-March onwards.  This shows that although viewing and valuation requests began to slow from that point, it wasn’t until a week later that the Registers of Scotland temporarily closed its application record, following the advice from the Law Society of Scotland to solicitors that they should not complete property transactions.

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House hunters looking to escape to the country

As we had indicated we believed was likely to be the case in a blog last month, we can confirm that Estate agents are reporting an increase in numbers of house hunters looking to escape the city to a rural area, as people have reached the conclusion that working from home is likely to become the new norm.  Many major firms have said that during the last few weeks, they have seen a big increase in enquiries about well connected countryside and “out of city” locations – ranging from countryside market towns to coastal villages.  It seems to be the case that people are very happy to split their working week between home and office, once life starts to return to normal.  Data obtained from the property website Right Move has shown a dramatic leap in interest in property around the central belt and outside of Edinburgh and Glasgow when compared with April last year. 

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Premium paid for property in top school areas

It is always interesting to see how different factors can affect property prices. Some data has now produced which shows that parents hoping to send their children to Scotland’s best state secondary schools face paying two thirds more for a house in the catchment area than in the neighbouring streets.  Overall, property prices in the neighbourhoods of the top ten best performing secondary schools average at 14% higher than the price of a house elsewhere in the local area.

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MSP raises concerns over COVID-19 impact on home movers

Aberdeenshire West MSP Alexander Burnett warns some movers may have bought new homes but been unable to sell their old ones before lockdown measures were introduced, and has called on the Scottish Government to introduce a grace period after lockdown is lifted, so they aren’t penalised for owning second homes.

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Latest News

24 June 2022
Estate Agency
 We have tried to update our clients on trends in the Scottish property market, and for the last two years have been reporting on prices rising and rising – today’s report is no different! It has just been announced that Scotland could see prope...
18 May 2022
Estate Agency
House prices have risen to a record high in Scotland. Recent research by Halifax bank has revealed that the typical house in Scotland in April 2022 was priced at £196,471, and if inflation continues at the present rate, prices could re...
05 April 2022
Estate Agency
Demand for homes has more than doubled in parts of Scotland over the past year. Fresh data reveals the most sought after locations amid reports that buyers are paying up to 40% over the asking price. According to an analysis by Right Move, Scotland’s...
29 March 2022
Estate Agency
Mortgage data has shown that buyers save around £1400 a year compared to renters. The data from Halifax suggests that buyers save £115 a month on average on housing costs if they can afford to get on the property ladder. The survey compared the typic...
03 February 2022
Estate Agency
Figures from Nationwide Building Society show house price growth hit 11.2 percent in January, with this marking the strongest opening month to a year since 2005. The year on year pace of growth was faster than the 10.4% seen in December and the stron...
24 January 2022
Estate Agency
The office for National Statistics figures show that UK House prices jumped by 10% in the year 2021. In Scotland alone the average house price jumped by 11.4% and they have now hit a record high of £183,000. Contact our Property Lawyers Glasgow, Scot...

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