We negotiate millions of pounds worth of property each year for clients. Providing results for clients who are faced with closing dates or like the vast majority looking to save money. This is our daily work. We understand how the market fluctuates because we help shape the market. Our results are our clients’ results. Having knowledge is great, but we pride ourselves in knowing how to get the best for our clients.
Conveyancing across the whole of the country (Including the Islands) takes experience and a certain level of flexibility. Over the years or conveyancing legal teams have followed the changes and in particular the individual working methods employed throughout Scotland. As the prices fluctuate due to regional or very specific local issues we pride ourselves in keeping you the client in the best position to buy or sell. Conveyancing has become more complex and huge amounts of money can be gained or lost dependent on having the right team to support and represent you.
A- The latest publication of the UK House Price Index (UK HPI) shows that the average price of a property in Scotland in June was £143,282 an increase of 4.6 per cent on the previous year and an increase of 2.7 per cent when compared to the previous month. This compares to a UK average of £213,927 which was an increase of 8.7 over the year, and an increase of 1.0 per cent when compared to the previous month.
B- RoS’ director of commercial services, Kenny Crawford, said: “The volume of residential sales in Scotland in April was 6,665, a decrease of 16.0 per cent on the previous year. This also compares with relatively high volumes of 11,017 in March 2016. The decrease in April was anticipated following the high volumes in the preceding month.”
C- Changes in Land and Buildings Transaction Tax that came into effect on 1 April 2016 for additional dwellings, such as second homes and buy-to-let properties, are likely to have contributed to the increase in March and to the subsequent decrease in volumes in April. The City of Edinburgh showed the biggest volume of sales in April with 745 sales.
D- The biggest price increase over the last year was in the City of Edinburgh where the average price increased by 11.7 per cent to £240,978. The biggest decrease was in the City of Aberdeen, where prices fell by 6.8 per cent to £178,069.
E- All property types showed an increase in average price when compared with the previous year, with detached properties showing the biggest increase of 6.2 per cent to £246,291.
F- Scotland sales volume are excluded from the figures used for highlighting purposes due to the volatility of the market in these areas.
G- The average price for a new build property in June was £182,481, an increase of 3.0 per cent on the previous year, while the average price for an existing resold property was £141,743, an increase of 4.9 per cent on the previous year.
H- The average price for a property purchased by a former owner occupier was £171,657, an increase of 5.5 per cent on the previous year. The average price for property purchased by a first time buyer was £115,877, an increase of 3.7 per cent on the previous year.
I- The average price for a cash sale was £132,248, an increase of 4.3 per cent on the previous year, while the average price for property purchased with a mortgage was higher.
J- £148,379, an increase of 4.8 per cent on the previous year.
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From when you decide to Sell, Purchase, Tranfer or Re Finance your property, we are here to help. We have a proven track record for over 10 Years in Scottish property (Residential and Commercial) of helping save thousands of pounds. From help to appoint an Estate Agent, Negotiation Tips, Legal Guides and practical advice. Just drop us an email or phone or if easier read through our extensive Online Guides.
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Knowing & Asking Is Always Better Than Assuming What Is Happening.
Assumptions create 70% of all conveyancing stress and issues. We make assumptions every minute of every day. Something happens and we instantly assign meaning to it. That is an assumption. Yet conveyancing and the residential legal system in Scotland is constantly changing and so does what your solicitor is reqired by law to do and what is required of you. We start imagining and reasoning what is going on, we look at social media and ask friends, what they think, what they experienced. We rationalise an entire assumed story based on assumptions and we believe it. One assumption leads to another assumption; we jump to conclusions and we take it personally. Almost all conflicts and desisions we take are based on assumptions. Assumptions are nothing more than false stories that we are telling ourselves. They create a big drama for no reason because they aren’t based on fact. If you really want to avoid the stress of moving, ensure that your experience is a possitive one and you are informed, why not just ask your property solicitor?