Category Archives: Property Law and Estate Agency

Property sales up but prices down in Caithness and Sutherland

RecVictorian propertyent national headlines, to this effect, mirror my own experience, here in the Far North.

HM Revenue and Customs reported that there has been an 11% rise in house sales this year and I would certainly confirm that house sales are definitely up.

There is speculation, with which I tend to agree, that people have lost faith in the possibility of a return to the “good old days” and so have bitten the bullet and moved.

Big rise in number of homes sold in Scotland

property marketThe recent uplift in sales experienced by me and reported in my last blog has now been confirmed in a report on the BBC.

The statistics also tend to confir the feelings expressed in m last blog , which was that sellers had come to the view that the market was not going to get an better and had decided to get on with their move.

I continue to experience good sales-long may it continue.

You can see the houses we have for sale on our Caithness and Sutherland property website.

Upsurge in house sales for Caithness property market

property marketHaving had a strong start to the year, particularly a very buoyant March, this flattened somewhat only to revive again about a month ago.

In the last two weeks we have had acceptable offers for approximately 15 properties. This is a significant uplift in the market. Long may it continue! Last year was fairly appalling and so it is an improvement from a very low base but, as you can see, there is hope.

Caithness and Sutherland property market bucks the national trend

property marketSpring has brought increased growth to the property market in  Caithness and Sutherland.

The growth in sales that I reported last month continues. Yes, this is from a very low base and does not remotely compare with what was happening in 2008. Nevertheless, the change is very significant and growth and not something I have seem for a long while.

Property market – has spring sprung early in Caithness and Sutherland?

property marketDoes an increase in property sales and low interest rates mean that spring 2012 is time to make your move? 

I am delighted to report that we are experiencing an upsurge in property sales. From a low base, it has to be admitted but this is a very encouraging sign and bodes well for the rest of 2012.

Can I write a “do-it-yourself” Power of Attorney in Scotland?

MyScottishAttorneyThe short answer is yes. It is perfectly feasible, if you know what you are doing. Just balance the risks against the potential reward of saving money.

First-time buyers – don’t miss out on the stamp duty holiday – it could cost you money

Did you know that if you don’t complete on your house purchase by 25 March 2012 it could cost you more money?

This is an urgent alert for all UK first-time buyers. If you don’t get the keys by 25 March 2012, you will miss out on the stamp duty holiday.

If you are buying a house worth £125,000 or more you will save £1,250 if you complete the transaction within the next two months.

Welcome

Solicitors are cautious folk and hate putting pen to paper about their opinions rather than solid legal issues.

Perhaps, I am a little different to most as I have been writing for my local paper for some time and have been an Internet pioneer. For instance, my solicitors website was the second in Scotland and my Wills website the first.

Caithness and Sutherland property – a roundup of 2011 and thoughts for 2012

Depressing as it might be, it is best to be realistic and start with a recent headline which is at the heart of the current property market problems: – First-time home buyers at record low.

The property market is a ladder. If first time buyers cannot get onto the first rung, those above them cannot sell their houses to them and, themselves, move up to bigger houses and so on and so forth.

And why are there so few first-time buyers? Well, it’s a combination of lenders caution in choosing suitable borrowers and the fact that first-time buyers have not saved the rather hefty deposits (on average 21% of the price) now required.

And why should first-time buyers have saved? After all, for many, many years, no deposit was required, at all. So it is not their fault but just a ghastly fact of current life.

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