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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.

Number of prospective buyers surges

The number of house hunters as soared since the lockdown restrictions have been lifted and since the announcement with regard to Land & Building Transaction Tax relief. Whilst this applies throughout the UK a recent analysis of data provided by Countrywide shows that the increase in buyer interest has been greatest in Scotland, and across all prices, the number of buyers registering interest in properties has increased by 77%. The data also shows that throughout the UK about 30% of all sales are ending in competitive bidding with three or more prospective buyers and again, the place with the highest number of bidders is Scotland.

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Tax cut for Scottish homebuyers starts this week: Update

We had promised in Friday’s blog to update you as soon as there was further news in connection with the tax for Scottish homebuyers.  It has now been announced that the changes referred to in our previous blog will begin on Wednesday 15th July and remain in place until 31st March 2021. 

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Tax cut announced for Scottish Homebuyers

The Scottish Finance Secretary, Kate Forbes, yesterday announced a temporary cut to the Land and Building Transaction Tax charged on house purchases and extra support for first-time buyers.

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Campaign Group formed to represent property owners with “Grenfell style” cladding

A new campaign group has been set up to allow the representation of people in Scotland who have been affected by a combination of UK and Scottish Law, which has left many people across the country unable to sell their properties.

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823 Hits

Scottish Property Markets emerges from lockdown

Estate Agents in Scotland are expecting a record month of property sales after the re-opening of the property market earlier this week, following a three month hiatus in lockdown.

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546 Hits

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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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