Scottish house prices at their highest in eleven years

Scottish house prices at their highest in eleven years

I was interested to read this Property Wire article on Scottish property prices being the highest since quarterly house price statistics records began in 2003. The article throws up several points worth commenting on - firstly, that such healthy capital growth is a good thing as it shows that the economy is growing, and that confidence in that economy is strong. Secondly, it shows a lack of supply in the housing market, which is a key driver in pushing house prices up. Thirdly, and this is the good news for our investors, it also means the rental market is solid and safe. I hear from investors all the time who say ‘If only I’d bought five years ago’ or ‘I wish I’d never sold that flat when I did’. On the flipside, I have never heard any property owner say ‘I wish I’d never bought that flat ten years ago’. So, our message to investors would be to act sooner rather than later if you’re considering investing in Scottish property.

(Steve Coyle, Cullen Property operations director)

 

 

Related articles

Legionella Risk Assessment Edinburgh
Legionella Risk Assessment: Edinburgh Letting Agency Advice
Hello readers, welcome back to the Cullen Property blog! In today’s piece, we are discussing all things legionella risk assessment – what it is, why legionella risk assessments are important for landlords, who can assess for legionella, associated costs and the potential ramifications of failing to conduct a legionella risk…
What Is Landlord Registration In Edinburgh?
Landlord Registration In Edinburgh - Edinburgh Letting Agent Advice
Hello Readers! Welcome back to the blog. In today’s Edinburgh Letting Agent Advice piece, we are discussing landlord registration in Edinburgh – in particular what it is, why it’s important, how to register and the fees associated with doing so. First of all, it’s important to define what landlord…
Edinburgh Letting Agent Tips
Edinburgh Letting Agent Tips - How To Get Your Full Deposit Back
How To Get Your Full Deposit Back - Edinburgh Letting Agent TipsUnlike checking out of a hotel or holiday let, moving out of a residential property involves a bit more than simply handing back the keys.  Your property will receive a thorough final inspection or check out…