Market shows vital signs
THE second quarter’s statistics released by Registers of Scotland show little change overall in average houses prices, although there have been some regional leaps and bounds, most notably in East Renfrewshire, where the total value of property sold is up 31% compared to the same time last year.
But what is perhaps a better indicator of returning confidence in the housing market is the news that more houses are changing hands, with transactions up 8%, and while sales of all property types have increased, the flat market is doing particularly well, with sales up almost 17%.
Rettie & Co’s head of research, Dr John Boyle, said: “These latest statistics show the housing market in Scotland is now in recovery mode. Improving economic activity levels, consumer sentiment, bank lending and new build activity is helping to raise the market.
“The sharp rise in the volume of flatted property bought is probably testament to the rising number of first-time buyers returning to the market, which is also evidenced by new lending figures.”
Going with the grain
Two Scottish entries have been shortlisted for this year’s wood Awards, the UK’s premier award scheme for the use of wood in architecture, furniture and design. Aberfeldy-based furniture designer/maker Angus Ross used local Perthshire green oak and FSC European oak to make his Tay Bench.
And Edinburgh- based David Blaikie Architects used FSC Scottish g r o wn wood in its collaborative Future Affordable project t o deliver a sustainable and affordable housing system for the social rented and private market. The winners will be announced in November.
One in a million
l TESTAmENT to the buoyancy of the Aberdeen property market, CALA Homes recently took the unusual decision to sell the waverly showhouse at its Hayfield Grange development in Cults through closed bids. The property sold in excess of its guide price of £1.45 million. The buyer can now walk into a fully furnished designer home – baby grand piano included.
Stay in the style mile
l GLASGow’S most exclusive new address, Buchanan Gardens, has finally been unveiled – and could tempt many a suburbanite to swap their patch on the ground for one in the sky.
Two show apartments do full justice to this landmark development of 49, one, two and three-bedroom single and duplex apartments residing at the top of Buchanan Street.
Built to a specification that has won eco-home status, the state-of-the-art properties all have access to a unique sky garden, in addition to a residents’ gym and executive lounge.
most amazing of all, prices start from just £149,995, with two-bedroom styles from £189,995 and larger three-bed duplexes from around £319,995.
I can guarantee you won’t have seen anything like this before. The show flats are open daily from 11am until 7pm – or visit www.buchanangardens.co.uk for details.
Heat boost for Scots
l wHILE the UKGovernment has delayed its domestic Renewable Heat Incentive scheme until spring 2014 at the earliest, the Scottish Government has announced a £3 million funding boost to promote energy efficiency.
The money will provide interest free loans to enable homeowners invest i n renewable heat and electricity technologies, such as heat pumps, solar panels, bio-mass boilers and micro-wind turbines.
Those who install renewable electricity systems will be eligible for payments for feeding electricity into the national grid; households that opt for heating systems can also benefit from Renewable Heat Premium Payment vouchers.
The funding will be directly targeted at homes in fuel poverty, helping to boost household income.
GRAND DESIGN: CALA’s showhome at Hayfield Grange in Aberdeen sold for more than £1.45m.
EXCLUSIVE: Buchanan Gardens is in the heart of Glasgow’s shopping area.
THE HIGH LIFE: Buchanan Gardens.
GOOD WITH WOOD: David Blaikie Architects.