THE VOICE OF PROPERTY
SCOTLAND is in the throes of a mini housing boom, with annual house price growth up by 7.3 per cent in February – six times the rate for England and Wales as a whole, according to the latest Your Move/Acadata Scotland House Price Index, which puts the average house price in Scotland at £182,936.
Growth is heavily dependent on two cities; Edinburgh accounts for 28 per cent of the increase in prices over the year, and Glasgow another 14 per cent.
Commenting on the Index, Alan Penman, business development manager for chartered surveyors Walker Fraser Steele, says: “Scotland’s market grows ever stronger as the rest of the UK weakens. But while price growth might be returning to the levels of the last housing boom, transactions remain well down.”
BIG VIEWING WEEKEND
House hunting this weekend? Slater Hogg & Howison and Countrywide is giving buyers the opportunity to view as many properties as possible in a short time frame in the annual Big Open House weekend. Countrywide is also offering the chance to win a £5,000 shopping spree with made. com. To qualify, entrants need to take part in the Open House event by either listing their property for sale with Slater Hogg or Countrywide or by viewing a property through either firm over the weekend – entry is also open to those who invite a Slater Hogg or Countrywide for a valuation. Check www.propertywide.co.uk/open-house.
COUNTESSWELLS in Aberdeenshire has scooped the Residential category in the UK 2018 RICS Awards for initiatives in land, property and construction. Countesswells is funded by innovative means utilising a UK Treasury guarantee. Gail Hunter, RICS director in Scotland, comments: “Residents in Countesswells are becoming members of the management company responsible for maintaining new public spaces and allowing them to own and control the land’s future use.” Scottish category winners now go on to compete at finals in London.