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Dallas McMillan's Glasgow Lawyers' Blog

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Deciding to sell your home

It is crucial that you seek legal advice as soon as you decide you sell your home. In addition to instructing a Solicitor, you will also have to instruct an Estate Agent to market your property. To ensure the sale proceeds as smoothly and as efficiently as possible, it is sensible to instruct a Solicitor whose firm also has an Estate Agency practice. There are several key advantages to you in doing so:

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Scottish housing market hits highest levels since 2008

Following a surge of sale transactions in the northeast and East Lothian, the Scottish housing market had collective sales of £3.4 billion during January-March 2019; the highest figure recorded since the credit crunch in 2008, according to Aberdein Considine’s Property Monitor report.

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260 Hits
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Scotland's rental growth outperforms the rest of the UK

According to the latest data from the Landbay rental index, Scotland recorded the highest annual rental growth across the UK at 1.78 per cent of the yer to end April 2019, and the best monthly increase of 0.15 per cent to £750. This compares with the national average, which grew just 0.96 per cent in the year, and 0.07 per cent month on month to £1,218.

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Half of Scotland's property market is made up of first-time buyers

During 2018, there were 34,519 first-time buyers in Scotland; a rise of 56 per cent from the 22,100 recorded ten years ago, according to recent research. Up from 37 per cent in 2008, first-time buyers now make up 50 per cent of all house purchases with a mortgage in Scotland, the Bank of Scotland data reveals.

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238 Hits
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Only 3% of homeowners think their house value will increase post-Brexit

A recent survey of more than 1,000 individuals revealed that half of Scottish homeowners expect the value of their house to fall after Brexit, while only three per cent believed their house value would rise.

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More than 100 luxury homes to be built in Finnieston

Developer Drum Property Group has announced plans for the new G3 Square development on Minerva Street, Finnieston, which will feature a selection of apartments and penthouses set within a landscaped outdoor space.

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Scotland comes out on top with highest average price growth in 2018

Property portal Zoopla announced that Scotland was the fastest-rising region in the UK property market, with property prices up by 6.43% since January 2018 and an average value of £195,739. Wales came second with a price jump of 3.9% to £192,362, and West Midlands followed where prices increased by 2.91% to an average property price of £220,746.

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471 Hits
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Average property price in Scotland rises by 4.1%

The average price of a property in Scotland reached £153,309 in August 2018, which is an increase of 4.1 per cent compared to August 2017, and an increase of 0.3 per cent compared to July 2018.

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523 Hits
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£15.4 million project benefits properties throughout Southside of Glasgow

The Southside of Glasgow is set to benefit from a massive £15.4 million regeneration project created by Southside Housing Association.

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Fears over safety of Glasgow flats

Concerns have been raised over the safety of twelve blocks of flats in Glasgow which were built using an outdated construction method. 

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1219 Hits
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Serco to pause eviction of asylum seekers

Housing provider, Serco, has declared it will pause its plans to change the locks on the houses of 330 refugees who were refused asylum and are currently living in Glasgow.

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1061 Hits
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RoS Launches New Register for Community Body Applications

Registers of Scotland (RoS) has launched a new register that will record all applications of community bodies to buy land or property that is abandoned, neglected or causing harm to the environmental wellbeing of the community, where the owner is not willing to sell that land. 

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Value of the Scottish Housing Market

The total value of the residential sales market in Scotland from 2007-08 to 2017-18 was £161.3 billion, according to the latest Property Market Report from Registers of Scotland. 

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1545 Hits
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Extension to Scotland’s Help to Buy Scheme

A scheme that helps people purchase a new-build home in Scotland without the need for a large deposit is to be extended beyond 2019. 

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Rise in First-Time Buyer Numbers

There was a sharp rise in the number of first-time buyers entering the market in 2017, despite having to put down a deposit that is more than double what was required ten years ago. 

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House Price Trends in 2018 Expected to be Similar to 2017

The latest House Price Index from Halifax has revealed that prices in the final quarter of 2017 (October – December) were 2.7% higher than in the same three months of the previous year. 

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Research Reveals Unrealistic House Buying Expectations

New research by Halifax has given an interesting insight into how knowledgeable the next generation of first time buyers are about the house buying process and how realistic they are about getting on the property ladder. 

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2095 Hits
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Value of Privately Owned Housing Stock Reaches New High

New research by Halifax has revealed that the total value of privately owned UK housing stock has surpassed £6 trillion for the first time.  

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2053 Hits
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Additional help for first time buyers

Following Phillip Hammond’s recent announcement in the budget of a tax break for first-time buyers which could see savings of up to £5,000 for buyers in England it would appear that the Scottish system is being considered ahead of the new budget proposals to be announced in the coming weeks.

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1738 Hits
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The Introduction of the "Private Residential Tenancy"

In just a few short weeks, the Private Housing (Tenancies) (Scotland) Act 2016 is set to come into force across Scotland, bringing with it the new “Private Residential Tenancy”. From the 1st of December, the new Private Residential Tenancy will be the only tenancy open for private landlords and tenants in Scotland. Following enforcement of the new Act, the common Short Assured Tenancy, despite its popularity within Scotland's residential letting sector, will no longer be available. It is worth noting that existing Short Assured Tenancies will continue and will not automatically be converted to the new regime.

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