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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.

Britain’s most affordable housing markets revealed

The most affordable towns and cities in Britain to buy a property have been revealed, with Scotland dominating the rankings.  Zoopla have published their findings, which they have based on calculations on house price to earnings ratios, using two-earner households on average salaries for the local areas.  In the whole of the UK, towns in Ayrshire have dominated the list with Kilbirnie and Cumnock ranking in third and fourth place respectively.

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Tax cut for homebuyers in Scotland end “as planned”

The Finance Secretary, Kate Forbes, has indicated that a tax cut for Scottish homebuyers will end as planned on April 1st, despite an extension in the Westminster budget. The starting point for Land and Building Transaction Tax (LBTT) was increased during the first lockdown. Unlike the position in England however, this is not going to be extended to mirror the Stamp Duty cut extension in England and Northern Ireland, on the basis that the cut has already “achieved” its goal of supporting the recovery of the residential property market. 

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Action needed to help first time property buyers

Paul Denton, who is the Chief Executive of Scottish Building Society has called for urgent action to help get young people on the property ladder. He has warned that the impact of Corona Virus could prove a barrier to a whole generation of buyers getting keys to their first home.

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House buyers warned of scams

House moves are being warned to watch out for scams which could involve their identity and large sums of money being stolen. There have been recent articles in the national press of several cases of emails from solicitors being intercepted and replaced with new messages containing payment details of fraudster’s Accounts.

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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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Latest News

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...
16 September 2021
Estate Agency
According to the latest figures from the UK House Price Index, as reported by the Registers of Scotland, Scottish house price growth has continued in July.  The average price of a property in Scotland in July 2021 was £177,166.00.  Not only...
14 September 2021
Legal Services for the Elderly
We are pleased to advise that we are taking part in the Will Aid Scheme again this November 2021. The Will Aid scheme takes place across the country throughout the month of November and supports ActionAid, Age UK, British Red Cross, Christian Aid, NS...
13 September 2021
Estate Agency
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...
24 August 2021
Legal Services for the Elderly
Figures recently released have shown that fewer people have been registering a Power of Attorney, amid the pandemic. It appears that lockdown is forcing many people to delay setting up a Power of Attorney and this could certainly cause unnecessary di...

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