LIST YOUR PROPERTY TODAY AND PAY NOTHING UPFRONT

As part of our further campaign to improve the house buying and selling process in Scotland we are running, in the months of February and March, a no upfront cost deal.  You can list your property anywhere in Scotland and not pay anything upfront.  Terms and Conditions do apply.  I attach a copy of the flyer and please do not hesitate to contact any of my estate agency colleagues for further information.

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Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk  

MORTGAGES AND PROPERTY

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I would say that now more than ever it is important that when you are looking to purchase a property that you have your mortgage in place and agreed in principle before offering.  More and more lenders are reducing the services that they provide for walk in customers and with this in mind I think that it is important that when you are looking for mortgages that you take independent financial advice.  To provide support for clients old and new we have arranged mortgage clinics within our Aberdeen, Dundee, Perth, Arbroath and Forfar property shops.

These take place beginning this Thursday 23 February 2017 and are open between 10.00am to 4.00pm.  If you are requiring mortgage advice please feel free to drop in to one of the clinics to have an informal chat with one of our mortgage experts or alternatively contact us to arrange a formal appointment.  This service is part of our campaign to improve the property buying and selling process in Scotland.

Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk  

Aberdeen Housing Market – Not All Doom and Gloom!

The Aberdeen housing market has seen some turbulent times in the past 18 months but is the decline beginning to change?

There is no doubt that there are winners and losers in any changing market, but I think we can all agree that there has never been a better time to buy property in Aberdeen.

Property prices have been steadily falling – a direct result of the oil and gas downturn. This has provided many with an opportunity to invest in properties which in previous years they couldn’t perhaps afford.

When I first joined Blackadders in the Granite City just over two years ago, it came as quite a surprise to me that whatever the property, the expectation was that it would achieve over the Home Report value. This has never really been seen in any other part of Scotland that I have worked in and at some point had to change.

I believe – as many estate agents and solicitors do – that there is a slight increase in confidence about buying again in Aberdeen and there are a number of factors behind this. Firstly, I think that purchasers now have a good understanding of what they will have to pay. Another reason is the fear of oil & gas job losses is starting to ease. For many of those who work in the industry, the feeling is that the majority of these job losses have already happened. If you were thinking of moving last year and still find yourself in employment, there is every chance you will now feel more confident about making that decision.

I also believe that vendors are more accepting that they will achieve around the Home Report value but this has taken a while which is completely understandable, considering the level of offer previously they would have expected to achieve.

As I mentioned, there are winners and losers in the property market. However, there is a new middle market emerging that is starting to help the market pick up in Aberdeen.  This is predominantly made up of those who previously wouldn’t have been able to move up the property ladder as they would have been most likely have been outbid by oil money.  One client recently explained to me, “It is now my time.

There is also evidence that suggests that the decline of oil and gas prices is now in reverse and although the high property prices achieved during the good times are almost certainly a thing of the past, the recent stability of oil prices bodes well for future investment in the industry.

Aberdeen is well placed to profit from such investment and the benefits that it would bring to the local housing market.

If you are thinking of putting your property on the market, we are currently running an offer where we will allow you to list your property with no upfront costs. For more information, please contact our team.

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Marie Clark
Branch Manager – Aberdeen
www.blackadders.co.uk

Property Market – January Update

Although I have not seen any official statistics for the property market in January, my feeling from the discussions that I have had is that the market is patchy at best and that most areas – although not all – are showing stock levels similar to 2016 with most down.  Sales activity appears to be holding up and because of the lack of stock I would definitely think that there has been an increase in prices for certain properties in certain areas.

I await the government’s report on housing with interest and hope that there is a bold response.  My broad brush approach is as follows:

  • Encouragement to developers with the relaxation of some planning regulations.
  • Support for housing associations in the building of new or refurbishment of existing properties.
  • Targeted support for first time buyers to encourage them to purchase more traditional type properties.
  • A grant system for first time buyers who purchase more traditional type properties to assist them with certain refurbishments and renovations, especially those that improve the energy efficiency of the property.
  • A change to the Council Tax rules where there is a reward for people who make their houses more energy efficient.

I will continue to update you on trends.

Lindsay Darroch
Partner – Head of Property
@LindsayDarroch

www.blackadders.co.uk

Blackadders Will List Your Property With No Upfront Costs

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I am pleased to announce that Blackadders will list your property for sale with no upfront costs. If you are considering selling your property and would like to take advantage of this offer, please contact a member of our Estate Agency team who will be delighted to help you.

*Offer ends 31 March 2017. Terms & Conditions apply.

Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk

HOMES FOR SCOTLAND

We are delighted to be sponsoring The Private Development of the Year (up to 25 units) Award at the Homes for Scotland 2017 Awards Ceremony.  The awards will be presented at the Annual Lunch.  Homes for Scotland is a respected commentator on housing and planning matters, challenging policy and decision makers on behalf of members and the many thousands of Scots looking for new homes.  Our membership of the organisation reinforces the importance that we place on the housing market in Scotland.

Lindsay Darroch
Partner – Head of Property 
@LindsayDarroch
www.blackadders.co.uk

MIXED MESSAGES FROM THE HOUSING MARKET

I was interested to read analysis of the housing market by Lloyds Bank showing that the number of home movers in 2016 fell by 4%.  To put the housing market in prospective the figure for 2016 still remains half of the figure reported in 2006 and I think shows the need for continued government support for the housing market.  Interestingly there was also a report from the National Association of Estate Agents advising that they reported an increase in the number of first time buyers in December 2016, reaching the highest figure since December 2001.  This is a positive statement, however, it does go against the trends I am actually picking up from the coal face.  I continue to urge the Scottish Government to support the housing market by using all means to increase the supply of the properties becoming available on the market and also increasing and continuing support for first time buyers.  I will continue to monitor and report on these trends.

Lindsay Darroch
Partner – Head of Property 
@LindsayDarroch
www.blackadders.co.uk