Tag: Rettie
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Scottish Seaside Homes Selling Like Hotcakes!
Fancy living by the sea? You’re not the only one! Scottish seaside towns are booming, with houses in some areas now costing over £850,000! New research from Rettie shows that people are flocking to the coast, pushing up house prices. In fact, 13 of the top 20 most expensive places to buy a house in…
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Perthshire House Prices Soar
Could Perthshire be the UK’s hottest property market? Some areas of Perthshire are showing gains of over 20%. Despite the cost-of-living crisis and soaring mortgage rates causing a slowdown in the Scottish property market, Perth and Kinross are standing strong. New data from property experts Rettie reveals that house prices in Perth and Kinross have…
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Rent Controls in Scotland Pressurise Landlords
In September 2022, the Scottish government, responding to rising living costs, implemented a temporary freeze on rents for existing tenants. Following the freeze, a cap on rent increases was introduced, limiting them to 3% annually, significantly below the UK’s prevailing inflation rate. This policy, intended as a relief measure for tenants, will remain in effect…
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Scotland: Persistently Rising Rents Despite Caps
Despite the implementation of rent controls, the private rental sector in Scotland has experienced a sharp surge in rent prices. Specifically, average rents for new tenancies have surged by double digits for the fourth consecutive month, as indicated by recent data from the letting portal, Citylets. These consistent price increases challenge the effectiveness of the…
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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…