Legislation enabling councils to increase their affordable housing stock without having to pay a tax on additional properties has been introduced in the Scottish Parliament.
Savills latest analysis of UK residential market performance during 2023 has shown that while mortgage affordability has impacted the wider market, Scotland’s prime market has been the most resilient in the UK with a 1% increase in net agreed sales.
House prices in Scotland are anticipated to rise through the first quarter of 2024 according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.
The average Scottish house price reached £194,000 in November 2023, a 2.2% increase compared to the same period in 2022, according to the latest data from the UK House Price Index (HPI).
Manchester-based property firm AM Sci Tech, a subsidiary of Hurstwood Holdings, has successfully completed the acquisition of Aberdeen Energy Park and Aberdeen Innovation Park.
Scotland’s commercial property market witnessed £1.5 billion worth of assets changing hands during 2023, as the market adjusted to the sharp rise in interest rates seen since December 2021, according to research from Knight Frank.
The Scottish Government has unveiled an arbitration scheme that aims to avoid excessive private rent increases when the current cap regulations come to an end in March.
Property firm Rettie & Co is forecasting Scottish house prices to rise by around 1.5% in 2024, with overall residential property transaction activity increasing to approximately 4.3 per cent.
Scottish property firm, the SRE Group, has announced that intellectual property advisor, Lawrie IP, has agreed to take the final available space at 10 Bothwell Street.