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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.

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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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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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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