Member of the National Association of Estate Agents (NAEA) have reported that the current market is levelling out; however there are still signs of uncertainty.
Commenting on the announcement by Nicola Sturgeon, Scottish Deputy First Minister of a new drive for sustainable communities, Kennedy Foster, CML Scotland policy consultant said:
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Local authorities, and their partners in Scotland, will be encouraged to propose more sustainable communities as part of the solution to meeting housing requirements in their areas.
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The Office of Fair Trading has launched a market study into property management services for common and shared residential property in Scotland.
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New data from the Council of Mortgage Lenders shows that the credit crunch is so far having less of an impact in Scotland than in the rest of the UK.
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The Office of Fair Trading has made a prohibition order against an estate agent in Scotland banning him from estate agency work, having found that he was unfit to carry out estate agency work.
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Scottish house prices are continuing to rise, despite falls in prices in the wider UK market, the Registers of Scotland have revealed.
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The annual rate of house price inflation in Scotland slowed from 10.1% at the end of 2007 to 6.3% in the first quarter of 2008.
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One of Scotland’s most respected property and construction experts has warned that house prices may tumble because of the Single Survey.
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The mix-adjusted average house price in the UK in January 2008 stood at £221,758, up from £218,007 in December 2007 according to official Government figures.
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CML Scotland has affirmed its support for the Scottish government’s goal of increasing housing supply by 40% by 2015. Lenders believe that increasing housing supply is crucial in addressing the problem of affordability for first-time-buyers.
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