Newton Property Management has acquired Aberdeen Property Leasing’s (APL) block factoring portfolio. At the start of October, APL transferred all common management responsibilities for 1,400 factored properties to Newton. The deal followed APL’s decision to focus on their core letting se
Property
Enquiries from prospective homebuyers and newly agreed home sales in Scotland have risen at their fastest rate in several years, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
International real estate advisor Savills, on behalf of Park Holidays UK Ltd, has sold the freehold of Turnberry Holiday Park in Girvan, Ayrshire to Turnberry Holiday Park (Scotland) Ltd, for an undisclosed price.
The average selling price of property in Edinburgh, the Lothians, Fife and the Borders has grown to £288,071 during August-October 2024 – a 5.3% year-on-year increase – according to ESPC. The Borders saw its average rise 9.5% to £229,480, while Edinburgh’s average jumpe
Against the backdrop of the first Labour budget in 14 years and the pressures of the wider economy, Savills has released its latest analysis of the Scottish prime property market. Cameron Ewer, head of Savills residential in Scotland, said: "The Scottish prime market has been adjusting to wider econ
Private rent increases could be tied to inflation and apply to rent increases in between tenancies under fresh proposals from the Scottish Government.
Nicky Lloyd discusses how the Edinburgh rental market has performed after the first six months of changed legislation. October marked the first six months of the changed rental landscape in Scotland, following on from almost two years of the restrictions put in place on tenancies by The Cost of Livi
Aberdeen's housing market has shown a 1.6% decline in the average property price during Q3 2024, as transactions rose 9.8% for the same period, according to the Aberdeen Solicitors’ Property Centre (ASPC). Based on data supplied by the ASPC, and compiled by the Centre for Real Estate Research
The average price of a property in Scotland has hit a record £200,000 in August 2024, a 5.4% year-on-year increase, according to the latest UK House Price Index data. In comparison, the UK average house price experienced a more modest annual increase of 2.8% – reaching £293,000.
Edinburgh-based Ralph Sayer has reached £230,000 in monthly turnover as it marks its second anniversary. The family-run property firm, which was established in autumn of 2022, recorded its busiest month in September and achieved a top 10 placement for insertions and sales in the ESPC.
DJ Alexander Ltd has expanded its presence in Glasgow with a new office in Shawlands. Located at 313 Kilmarnock Road, the office employs 14 people and underscores the firm's confidence in the city's sales and lettings property market.
Despite rising house prices and interest rates, first-time buyers (FTBs) in Scotland are returning to the housing market, according to DJ Alexander Ltd.
Scotland's housing market is showing promising signs of growth, with the highest level of optimism since early 2022, according to the Royal Institution of Chartered Surveyors (RICS). Despite a subdued September, The latest RICS Residential Market Survey reports a net balance of 33% of surveyors in S
Almost all aspects of the Tayside property market are showing "considerable growth", according to Tayside Solicitors Property Centre (TSPC). From July to September 2024, a total of 608 homes were sold, a 16% increase on the second quarter of 2024, with a combined value of £111,326,738. The ave
The property market across Edinburgh, the Lothians, Fife, and the Borders experienced a strong third quarter in 2024, with average selling prices rising by 4.9% year-on-year to reach £290,259. The City of Edinburgh saw its average selling price rise 4.7% to £307,850, making it the most e