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Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.
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Latest Housing Market Statistics Revealed

The average price of a property in Scotland in October 2017 was £143,544, the latest UK House Price Index (UK HPI) has revealed. This is an increase of 2.8% on October in the previous year but a fall of 0.7% when compared to the previous month. 

Looking at the UK as a whole, the average house price reached £223,807 in October, which was an increase of 4.5% compared to October 2016 and a decrease of 0.5% when compared to September this year.

The volume of residential sales in Scotland in August 2017 was 9,282 – an increase of 7.4% on August 2016 and an increase of 5.3% on the previous month. This compares with annual decreases in sales volumes of 12.0% in England, 3.4% in Wales and 8.6% in Northern Ireland (Quarter 3 - 2017).

According to Registers of Scotland, the top five local authorities in terms of August sales volumes were the City of Edinburgh (1,190 sales), Glasgow City (1,109 sales), Fife (632 sales), South Lanarkshire (553 sales) and North Lanarkshire (448 sales).

Across Scotland, all property types showed an increase in average price in October 2017 when compared with the same month in the previous year. Semi-detached properties showed the biggest increase, rising by 4.2% to £151,131. The average price of detached properties showed the smallest increase, 0.9% to £248,482.

The average price in October 2017 for a property purchased by a first time buyer was £116,042 – an increase of 3.4% compared to the same month in the previous year. The average price for a property purchased by a former owner occupier was £172,056 – an increase of 2.3% on the previous year.

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For expert legal advice on buying or selling property in Scotland then contact our specialist property and conveyancing lawyers today.

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Latest News

27 September 2018
Raeside Chisholm Solicitors News
Raeside Chisholm is pleased to announce that we will be taking part in Will Aid this November. We will waive our fee for drawing up a basic Will and instead invite our clients to donate to the Will Aid group of charities. The suggested minimum d...
18 September 2018
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12 September 2018
Family Law
In a recent court case, mother of four Siobhan McLaughlin applied for widowed parent’s allowance to support herself and children following the death of her partner, John Adams, in 2014. Her application was initially rejected by the Northern Ireland D...
28 August 2018
Commercial
The Government has published new corporate governance reporting requirements for private companies and unlisted plcs in the UK.Under the new requirements, all private companies and unlisted plcs with more than 250 UK group employees must disclose how...
21 August 2018
Family Law
A British court has recognised Sharia law for the first time after a judge made a landmark divorce ruling which could change the way Islamic marriage and divorce works in the UK.Nasreen Akhter and Mohammed Shabaz Khan had married 20 years ago but onl...
13 August 2018
Estate Agency
Under new draft laws, overseas companies that own or buy property in the UK will be required to provide details of their true owners on a public register.The new legislation is part of a wider crackdown on money laundering in the property sector and ...

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