News & Legal Updates
Sign up to news & legal updates
Although I have not seen any official statistics for the property market in January, my feeling from the discussions that I have had is that the market is patchy at best and that most areas – although not all – are showing stock levels at best the same as 2016 with most down. Sales activity appears to be holding up and because of the lack of stock I would definitely think that there has been an increase in prices for certain properties in certain areas.
I await the government’s report on housing with interest and hope that there is a bold response. My broad brush approach is as follows:
- Encouragement to developers with the relaxation of some planning regulations.
- Support for housing associations in the building of new or refurbishment of existing properties.
- Targeted support for first time buyers to encourage them to purchase more traditional type properties.
- A grant system for first time buyers who purchase more traditional type properties to assist them with certain refurbishments and renovations, especially those that improve the energy efficiency of the property.
- A change to the Council Tax rules where there is a reward for people who make their houses more energy efficient.
I will continue to update you on trends.
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