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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 is the fastest moving market for million pound plus homes

Research from Rightmove has shown that Scotland has now overtaken London as the fasted moving market for homes which cost more than £1,000,000.  Analysis shows that these properties in Scotland typically find a buyer within 61 days which is some 25 days quicker than before the pandemic.

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House prices climb at fastest rate since 2004

Figures from the Office for National Statistics show that the annual rate of property inflation in Scotland hit 12% in June – this is the biggest annual raise since November 2004.

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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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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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