Property

Scottish authorities may soon have the power to levy up to double the full rate of council tax on second homes if draft regulations before the Scottish Parliament are approved.

Scotland is facing a significant housing crisis, triggered by a chronic underinvestment in social housing, as highlighted by property firm DJ Alexander Ltd.

Real estate investment manager IP Investment Management (IPIM) and property and private equity manager Maven Capital Partners have jointly acquired a prime development site in Dundee for a new £30 million student accommodation scheme. IPIM, with Maven acting as the asset manager, purchased the

Scottish Registered Social Landlords (RSLs) have shown resilience, securing £578 million in new financing and maintaining the confidence of both lenders and investors.

Simpson & Marwick, one of Scotland's oldest legal and property brands, has been acquired by a new entrant to the Scottish estate agency market. The newly formed 'The Simpson & Marwick Group' has acquired the Simpson & Marwick estate agency business from Moray Group for a six-figure sum.

Estate and letting agency DJ Alexander Ltd has opened a new branch in Aberdeenshire. The firm is opening a new office in Peterhead to serve an anticipated upsurge in rental demand in the coming year. The firm is also rebranding its Stonehouse offices in Aberdeen and Kemnay to DJ Alexander to unify a

The UK government's potential reduction in stamp duty has sparked calls for similar cuts in Scotland, where the current land and buildings transaction tax (LBTT) imposes higher costs on homebuyers, particularly first-timers and those purchasing properties over £325,000. Estate and letting agen

The Scottish Government is holding discussions with key build to rent (BTR) investors in London to discuss the Scottish rental housing market and reform proposals,  The meeting was facilitated by property firm Rettie & Co at the request of Minister for Housing Paul McLennan.

Gregor Duthie analyses the burgeoning growth of the student accommodation industry in Scotland, highlighting the surge in demand, the transformation of traditional housing options, and the strategic considerations developers must address to meet evolving student preferences and requirements. Over th

Average house prices in Scotland have risen by over a quarter since the start of the pandemic according to DJ Alexander Ltd. The property firm said that average prices have increased by 27.4% since March 2020 when the pandemic began. The increase is in marked contrast to historic rises with the prev

The average selling price of properties in Edinburgh, the Lothians, Fife and the Borders dropped 5% year-on-year during July-September 2023, taking the new average to £281,513, according to the latest report from ESPC.

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.

The latest provisional statistics from the UK HPI have recorded an average property price in Scotland of £192,000 for July 2023, denoting a 0.1% increase from the previous year.

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.