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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.

Scotland’s house prices rally after “rollercoaster year”

A “rollercoaster year” for the property market ended in a boom for us here in Scotland, as house prices have increased at a faster rate than any other part of the UK since lockdown began.  Data shows that average house prices in Scotland rose by 6.8% between March and September – in England the rise over the same period was 4.9%, in Wales 1.9% and in Northern Ireland 1.6%.

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Record High UK House Prices in September

The figures provided by the Office for National Statistics show that the average UK house price climbed by 4.7% in the year to the end of September, hitting a record high.  It is believed that pent up demand and the LBTT relief (Stamp Duty in England) are likely to be among factors that have driven up the increase in typical values.

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Home buyers looking to country and coast to escape cities

According to property website Rightmove, home buyers are looking to escape crowded cities and big towns by moving to the country or the coast.  They have said that searches have doubled for homes in small towns and villages with populations less than 11,000 people and went on to say that seaside resorts have seen the biggest rise in sales. 

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Government advice in connection with moving home

Notwithstanding the further restrictions imposed earlier this week, you are still allowed to move home.  However, the process of finding and moving into a new home is likely to be different, as all of those involved in the process will need to adapt practices and procedures.

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The Impact of the Coronavirus Pandemic for First-time Buyers

If you were considering buying your first home before the coronavirus pandemic, we understand you may feel confused and unnerved at the prospect of starting your search again. With cautious lenders and many buyers and sellers dealing with a change of circumstance, buying conditions will likely be more difficult as we move out of lockdown.

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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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