While UK prime house prices experienced a fourth consecutive quarterly dip in the three months to the end of September, with annual falls averaging -5.2%, Scottish prime values remained steadfast, with a minor annual dip of -1.1%.
Scotland's property market is experiencing a severe slump in the number of first-time buyers as a result of soaring interest rates since December 2021, with nearly £900 million less being borrowed by Scots aspiring to own homes.
House prices in Scotland have continued to fall with the price balance now at its lowest outside of lockdowns in over 10 years, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
Private rental prices in Scotland have surged by 5.7% year-on-year to July 2023, according to the latest analysis by DJ Alexander Ltd. This was the highest monthly figure since the data began to be collected in January 2012 and is up from 3.9% in September 2022 when the Cost of Living (Tenant Protec
The Scottish property market has shown signs of cooling as average property selling prices across Edinburgh, the Lothians, Fife and the Borders showed a 2.8% year-on-year drop during June-August 2023 to £286,560, according to the latest ESPC House Price Report.
Despite concerns over the Bank of England's recent hike in base interest rates to a 15-year peak of 5.25%, Glasgow's property market has remained "robust and thriving", according to Scottish estate agents Corum. Celebrating its 20th anniversary, the company has reported a 10% rise in property viewin
The Scottish property market has been impacted by stubborn inflation and increased borrowing costs, leading to heightened emphasis on home report values for prospective buyers, as per insights from Shepherd Chartered Surveyors. ESPC reports that in Edinburgh, the Lothians, Fife and the Borders, the
The rise in reliance on familial financial support in the UK housing market has hit record levels, with new research revealing that the so-called 'Bank of Family' is anticipated to facilitate over 318,000 property transactions with support worth around £8.1 billion in 2023.
Edinburgh-based full-service property firm Rettie & Co has unveiled its new rural asset management division, consolidating its rural, estate, and farm offerings under a unified banner. The division is headed by Fergus Thomson and Lucy Murray, and its remit will include areas such as farm an
It has been revealed that property listings for sale in Scotland have seen a substantial uptick across several cities, according to a recent study by estate and letting agents DJ Alexander Ltd. The most noteworthy increases from August 2022 to August 2023 were in Inverness with an 83% rise
Letting agency DJ Alexander Ltd has experienced a record number of viewing requests, totalling 39,400, for rental properties in Edinburgh and Glasgow during July. This demand surge is the highest in the company's 41-year history, emphasising the accelerating appetite for rental homes in Scotland, pa
The iconic Hamilton Grand, a red sandstone landmark overlooking the Old Course's 18th green in St. Andrews, is witnessing its first resale since it was converted into luxury apartments. Savills has been tasked to broker flat 16, listing the asking price at £2.3 million. The flat is a unit cent