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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.

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

15 April 2018
Commercial
New figures released by UK Finance have revealed a 5% increase in invoice finance and asset-based lending in 2017, taking the total to £23.4 billion at the end of the year. The number of clients using this form of business funding remained stable at ...
10 April 2018
Estate Agency
New research by Bank of Scotland has revealed that homeowners in Scotland pay a fifth (20%) of their disposable income towards their mortgage each month. This proportion has almost halved compared to 2007. ...
15 March 2018
Family Law

A recent study has attempted to answer the question of why divorce is often seen to run in families. 

13 March 2018
Estate Agency
The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) has revealed that housing market activity in Scotland was generally flat in February, as a shortage of properties becoming available for sale continued t...
06 March 2018
Commercial
The latest Business Barometer from Lloyds Bank Commercial Banking has revealed that business confidence – an average of business prospects and economic optimism - in February has slightly decreased from 35% to 33%. However, this remains above the lon...
23 February 2018
Commercial

The UK Government has introduced new laws that it says will protect company directors from identity fraud and personal harm. 

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