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.
Half of Scotland experienced house price increases in Scotland throughout August whilst half saw prices drop, according to the latest House Price Index from Walker Fraser Steele.
The Scottish property market is due to follow the same trajectory as England and Wales, experiencing a slowdown as housing supply remains steady but consumer ability to buy continues to be restricted, according to Landmark Information Group’s latest property trends report.
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,
House prices in Scotland continued to fall according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey with further falls expected over the coming three months.
Real estate advisor CBRE, on behalf of the landlord Signal Capital, has successfully facilitated a ten-year lease agreement for Scottish Daily Record and Sunday Mail Limited, a Reach Plc subsidiary, at 55 Douglas Street in Glasgow.
Despite a summer dip in take-up, Edinburgh’s office market has begun “moving in a positive direction” as organisations recognise the post-pandemic advantages of maintaining a central hub for employees, according to Knight Frank.
Logistics firm Rix Shipping (Scotland) Ltd has announced it is set to inject over £3 million into Montrose’s local economy, reinforcing its longstanding presence in the region.
Just 11% of UK MPs would prioritise the development of new build-to-rent (BTR) homes in their constituencies despite the demand for rental properties being high, according to new research.
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.
Despite prevailing economic challenges and a downward trend in prime house prices across the UK, the Scottish prime housing market has displayed remarkable resilience and come out on top, according to the Savills quarterly index.