News & Legal Updates
Sign up to news & legal updates
Dealing with transactions throughout Scotland allows me to see the different trends developing in all the geographical areas. Readers of my blog will be aware of my comments in relation to the varying speeds of economic recovery throughout Scotland. At the moment the interesting market is Aberdeen, where the oil price is having a major impact on properties over £250k. Properties valued below £250k have been unaffected and are still performing strongly.
I have also noticed recently a significant east-west divide in relation to asking prices. It is very common in the west coast of Scotland to set asking prices considerably below the Home Report valuation and client expectation to generate interest and increased prices. This marketing tool can be used quite successfully and reinforces the importance of having expert legal advice when offering on properties. This trend gives me a wry smile given that the introduction of the Home Report was supposed to end the setting of low asking prices.
Partner – Head of Property
The opinions expressed in this site are of the author(s) only and do not necessarily represent the opinions of Blackadders LLP.
Blackadders takes all reasonable steps to ensure that the content of this site is accurate and up to date. The site is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Site visitors should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this site. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.
Blackadders owns the copyright in this blog and all material contained on it. The material on this site may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.
Information passed to us via this site is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.
© Blackadders LLP 2011
Members of the Law Society of Scotland. Authorised to conduct Investment Business under the Financial Services & Markets Act 2000 by the Financial Services Authority.
Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.Back to News & Legal updates