Tag: Edinburgh
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Homeowners Improving, Not Moving
The property market in Britain is experiencing a significant shift, as more and more homeowners are choosing to improve their existing homes rather than moving. Data from MyBuilder.com reveals that a third of homeowners are delaying their plans to move due to rising mortgage rates. Instead, they are opting to extend, renovate, or generally improve…
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Edinburgh Short Term Let Controversy Continues
The controversy over short term lets in Edinburgh rumbles on. The Scottish Bed and Breakfast Association (SBBA) has reported that nearly two-thirds of Scottish B&B owners are considering closing their businesses due to new restrictions on short-term lets. The SBBA is urging the Scottish government to postpone the implementation of the licensing scheme, arguing that…
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Scottish Housing Market Still Strong
According to research conducted by estate agent DJ Alexander, the Scottish property market remains buoyant despite rising mortgage rates. The number of properties advertised for sale has increased significantly in various parts of Scotland. In Inverness, the number of homes for sale has risen by 83% year-on-year in August, while Dundee has seen an increase…
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Airbnbs Could Be Reduced by 80% in Edinburgh
A new licensing scheme for short-term rentals in Edinburgh could result in an 80% reduction in properties available on platforms such as Airbnb, according to a report prepared for the City of Edinburgh Council. The scheme, introduced by the Scottish Government, requires hosts to display energy performance ratings, have adequate insurance, and comply with various…
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UK University Student Accommodation Crisis
UK student accommodation is in short supply and this year’s freshers may be starting term in hotels or bunk beds. Specific Cases: Parent & Financial Concerns: Impacts: Additional Insights: Market Shifts: Final Thoughts: There’s an increasing strain on university student accommodation across the UK. Many students face uncertainty regarding their living situations, with some having…
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House Prices Still Rising in Scotland
Estate agents DJ Alexander, and Rettie & Co, have published their latest analysis reports on the Scottish market. Summary of Scottish House Prices and Investment Landscape 1. General Trend in House Prices: 2. City-Wise Analysis: 3. Regional Variations: 4. Types of Properties: 5. Market Sentiments: 6. Investor Sentiment towards Private Rental Sector (PRS) & Build-to-Rent…