14th March 2012

Property Market Update

Despite my efforts to have an update every month and I am now conscious that we are at the start of March and you have not yet an update.  Whilst I apologise for this I am very pleased to advise it has been caused by a huge surge in activity in the Blackadders Property Team since the start of 2012.  In general my figures indicate that there is still an east/west divide with the East of Scotland performing much stronger that the West Coast, in particular Glasgow.  Overall the trend seems to be for an increase in properties coming on the market and a corresponding increase in activity with purchasers.  This is a good sign.  There is still a problem for first time buyers and with the budget fast approaching I hope that the Chancellor uses his budget to put in place a fund to assist first time buyers.  I am also hopeful that the Scottish Government will likewise take steps to help first time buyers.  My view of the market indicates that the number of first time buyers continues to drop and is still well below levels required to have a healthy property market.

Overall my feeling is that for the first two months sentiment has been improving and that in general there is more demand.  I am still sticking to my January predictions for 2012 that from the summer this year we will start seeing sustained improvement in the housing market.

From a Blackadders point of view I am pleased to advise that listings and under offers for the first two months of 2012 have exceeded targets and are way above levels seen in the corresponding months in 2011.  Our mobile team continues to grow and develop and list properties throughout the whole of Scotland.  Our unique proactive and innovative approach to the property market continues to win us plaudits and increase our market share and I am confident that this will be a long term trend.

I will continue to keep you advised of the market and I am sure that the March overview will be equally as positive.

Lindsay Darroch

Partner

 

 

The opinions expressed in this blog are of the author only and do not necessarily represent the opinions of Blackadders LLP.

Blackadders takes all reasonable steps to ensure that the content of this blog is accurate and up to date. The blog 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. Blog users 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 blog. 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.

Copyright

Blackadders owns the copyright in this blog and all material contained on it. The material on this blog 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.

Privacy Statement

Information passed to us via this blog is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.

© Blackadders LLP 2020

Members of the Law Society of Scotland.

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 Blackadders' Property Blog: Covering Aberdeen, Dundee, Edinburgh, Glasgow, Perth, Angus and beyond