Are Legal Standards for Minimum Energy Efficiency for Properties the same North & South of Hadrian’s Wall? 

 

In short the answer is NO.

In England and Wales, regulations which are due to come into force on 1 April 2018 will potentially affect the ability to let out properties and the market value (and marketability) of those properties. The regulations will prevent private Landlords from letting either residential or commercial properties with an Energy Performance Asset Rating (EPAR) lower than E (unless they can point to a specific exemption).

The equivalent regulations for buildings in Scotland do not impose a minimum EPC rating requirement but other measures apply that are already in force for commercial properties.

Landlords, investors, developers and lenders should take note of the differences and not assume energy efficiency policies are the same throughout the UK.

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JM table 2

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*Non Domestic EPC Register for England and Wales
*EPC Register for Scotland

Registers can be searched using the property’s postcode so the easiest way to determine whether or not a valid EPC exists for your property is to check online: Non Domestic EPC Register for England and Wales or EPC Register for Scotland.

If you have any queries regarding energy efficiency requirements for properties, please get in touch with your usual contact in the Property team at Blackadders.


JWMJohn McKie,
Partner

Commercial Property
Blackadders LLP

@LawyerJohnMcKie 
www.blackadders.co.uk

 

LOCAL DUNDEE BUSINESS ON THE UP

It is always great to read a positive news story about a Dundee business but even more particularly pleasing when the owners of the business are friends of yours.  It was great to see Curr & Dewar submitting a planning application in relation to a change of use application for new premises which due to increasing the size and better location would allow the business to grow, providing increased employment opportunities and also boosting the local economy.

To read the article by J Keith in the Courier for Monday January 8 2018 click here.

LDD

Lindsay Darroch, Partner
Blackadders LLP
@LindsayDarroch

www.blackadders.co.uk

 

IS THIS THE WINTER OF OUR DISCONTENT – PROPERTY MATTERS

Welcome to the first property blog of 2018!  Rest assured that this year will see more property blogs. I predict that 2018 will be a very interesting year for the property market. Before I give you my predictions for 2018 though, how did I get on with my predictions for 2017?

Looking at my blog on the 9th of January last year I predicted a 5% decrease in market activity with a slight increase in house prices averaging around the 2% to 4% mark.  Whilst I think I was correct in relation to the general road of travel, the decrease in activity in the property market (especially in the second half of the year) appears to have been steeper than even I had predicted. As yet, I have not seen the final stats for 2017 and obviously there are geographical differences to take into account, but I would predict that Scotland overall would show a decrease of between 10% and 15% in relation to properties coming on to the market, with a perhaps more significant increase in average house prices, probably around 5%. There have been recent reports advising that November saw the sharpest drop in mortgage approvals for a number of years and as different areas start issuing their stats, I think this general downward trend will be repeated. Dundee flats - LDD blogOn to 2018 and I am actually looking at this year with more optimism than the last year. What is the reason for the optimism? Like a bottle of champagne being constantly shaken, the housing market, with its links to lifestyle choices, will eventually not be contained no matter what the economic background. I suspect that 2018 particularly the second half of the year will show this and although uncertainty around Brexit will continue it will become something that we live with. As economic uncertainty fades and as general lifestyle requirements kick in, I think we will see an increase in activity in the housing market.   I also think that developers sensing the lack of supply and price inflation, have now started to increase their build output. I believe that this will be the oil that greases the wheels of the property market especially if the developers offer part exchange and other incentives.

In relation to specific areas, I would comment as follows:-

1. ABERDEEN & ABERDEENSHIRE – I am starting to see green shoots of activity coming through the Aberdeen property market and whilst it will take some time for the extra stock to clear, I do believe that Aberdeen is on the cusp of recovery. Although we will not get back to the highs of pre 2010, we will over the next 18 months move very quickly towards some form of normality and a free flowing market.

2. DUNDEE – As the V&A moves towards its opening and Dundee Council carry on with their exciting plans for the development of the waterfront area and the city in general, I do think that Dundee is on the cusp of very exciting times in relation to the property market. In particular watch this space in relation to flats down at the waterfront which are looking very reasonably priced and very attractive for investors and also residents.

3. ANGUS – The Angus market continues to prove robust and as Aberdeen continues to improve expect more of this heat to work its way down the coast, in particular Montrose, Brechin, Arbroath, etc.

4. PERTH & PERTHSHIRE – This market is proving very difficult as its driver in the early 2000s was the heat from the Edinburgh market. Unfortunately, I cannot see a big increase in the Perth property market, although I do predict more stability and a slight increase in activity.

5. FIFE – This also appears to be a difficult market, however with some hot spots, St Andrews in particular proving very popular and prices continuing to exceed expectations. Again, I predict a degree of stability in the Fife market.

6. EDINBURGH – I see potential for further growth in the Edinburgh market. I think that the developers will continue to produce stock for this market and as such, I am anticipating some significant growth, both in terms of activity and prices in 2018.

7. GLASGOW & the WEST – Again, I am seeing positive signs and think that in particular the second half of 2018 will show significant increases in activity in the Glasgow market fuelled by a mixture of newbuild development.

Overall, I am predicting a slightly quiet first three months for 2018 with a steady increase in activity for the remainder of the year culminating in activity levels being up by 10% and prices increasing by 5%.  As always, watch out for the first quarter figures as this will be a good indication. The phrase “more optimistic than last year” probably sums up my feelings.

I will continue to provide blogs on aspects of the property market and also watch out for some interesting additions, including “dinners for winners” – my take on the late, Michael Winner’s weekly column in the Sunday Times.

Finally, I would wish all readers a happy and prosperous 2018.

LDDLindsay Darroch
Partner
Blackadders LLP
@LindsayDarroch

www.blackadders.co.uk

 

Enjoy the festive period but don’t let the hangover last until Spring.

Christmas is almost upon us with only 3/4 weeks to go until, for most, the festivities and over indulgence begins. Those thinking of selling their home will now put this firmly to the back of their minds and will be replaced with thoughts of presents, sleeping in front of the TV and Strictly Come Dancing Christmas Special.

However, this may be the perfect time to consider selling and preparing the house to hit the market after the party season has finished. Traditionally the months of January and February see less properties arrive for sale but is an excellent time to sell as the majority of house sellers will normally wait until Spring to sell. What does this mean for you if you decide to sell sooner?

  1. Less houses for sale increases your chance of a quicker successful sale and hopefully more than the Home Report value. Giving you peace of mind.
  2. You will be in a strong position to purchase a property a little later with more choice available.
  3. More buyers will be inclined to take your offer as you have been pro-active and are less of a risk than a buyer who has yet to sell.
  4. As you will have more choice, due to the increase in properties for sale, you will be less inclined to make a panic purchase then going through the process again in six months’ time.   

If you have decided that you are not going to extend, renew the kitchen or replace the bathroom, but instead sell your home in the New Year, I would urge you to book a free valuation now to prepare for the beginning of 2018 staying ahead of your competitors and make appropriate plans to ensure your house stands out against what little competition you will have.

At Blackadders we offer professional photography, quality brochures with floor-plans, buyers’ bank, social media (Twitter & Facebook), extended opening hours and website portals that suit your individual needs, all as standard.

Enjoy the festive period but don’t let the hangover last until Spring. Be two steps ahead.


Neil Fyall – Estate Agency

Senior Property Branch Manager
www.blackadders.co.uk

Three good reasons to market your property in Winter

The traditional mind-set of most sellers is to market their property in Spring. I can see the logic to this as we start to see more daylight and gardens are once again presentable. However, I would highlight a few less obvious reasons to get in ahead of the crowd:

1. There are less competing properties coming to the market during winter. This increases your chances of interest, viewings and of course offers.

2. A lot of buyers don’t choose when they are in a position to buy. This is an important point as most sales are part of a chain it’s worth keeping in mind that your buyer may sell in winter through no choice of theirs. This then frees them up to make an offer on a property, which could be yours.

3. The internet is another reason that the market moves all year round. Buyers can now access a huge amount of information and media from the comfort of their own home. Between extensive photography, floor plans and in some cases video footage in addition to the home report, a buyer really can accumulate significant knowledge before setting foot through the door. This makes life so much easier for buyers and breaks down the traditionally seasonal barriers.

As someone who chose to market their property in December in recent years I can honestly say I have put my money where my mouth is!

If you would like to look further into marketing your property contact Blackadders for a free, no-obligation property valuation. We would be delighted to assist you in making an informed decision.

Brian Main, Estate AgencyBrian Main
Angus Area Manager

www.blackadders.co.uk
@BlackaddersLLP

Come along to our Open Viewings this Saturday!

We are delighted that a selection of our properties are taking part in OPEN VIEWINGS this Saturday. Pop along to view with no appointment necessary between 10am & 12noon on Saturday, 28 October 2017.

A list of these properties can be found here:

Dundee Branch
10 Gauldie Place, Dundee
46 Crail Place, Broughty Ferry, Dundee
 Flat 4L, 23 Bank Street, Dundee
3 The Taychreggan, Ellislea Road, Broughty Ferry, Dundee
542 Strathmartine Road, Dundee
Flat 3, Caird House, 4 Scrimgeour Place, Dundee
9 Burnhaven Gardens, Broughty Ferry, Dundee
North Townhouse, Trust House, Middle Road, Liff

Arbroath Branch
42 Arbirlot Road, Arbroath
29 Hayswell Road, Arbroath
23 Kinloch Street, Carnoustie
20 Seagate, Arbroath
50 Dalhousie Court, Links Parade, Carnoustie

Perth Branch
Apt 411 Knights Court, North William Street, Perth
10 Graybank Road, Perth
Flat 3, 10 Melville Street, Perth Loch View, Wester Essendy, Blairgowrie
Inglewood, 2 Kingarth Drive, Blairgowrie
8 Rosslyn House, Glasgow Road, Perth

If you would like to view outwith this time please contact our Property Sales Teams on the numbers below to arrange a suitable appointment (available 7 days).

Dundee: 01382 342222

Perth: 01738 500600

Arbroath 01241 876620

Forfar: 01307 461234

Aberdeen: 01224 452750

Edinburgh: 0131 202 1868

“Is Edinburgh getting bigger?”

Edinburgh photo

For my first blog I thought I would focus on the increasing popularity of the outlying areas of Edinburgh City itself. I wonder now, if the city boundary really is the city boundary anymore?

I’ve found a huge increase in activity particularly within: Dalkeith, Bonnyrigg, Bilston, Loanhead, Stration, Penicuik, Musselburgh, Tranent, East Calder, Kirkliston, Kirknewton and Winchburgh. I would say with a degree of certainty we all know someone who lives there.

Whilst they are all out with the boundary, the affordability combined with improved public transport and commuter links make these areas within a lot of buyers mind-set when looking for a home.

Edinburgh itself is still holding its own and commanding high prices for good property in sought after areas. I am finding the supply of property is as low as it has been for a while, which in turn is exaggerating the demand, hence the reason closing dates now seem par for the course and home report prices being regularly exceeded.

I would note a point of caution though, I am hearing more and more clients mention the “B” word (Brexit) and can’t help but feel this will have some sort of impact on the current market trend. Quite what impact that is remains to be seen. More to follow on that in due course.

Scott Whigham,
Property Manager
http://www.blackadders.co.uk

7 Reasons to live in Perthshire

Perthshire offers a variety of breath-taking scenery combined with a vibrant and cosmopolitan city surrounded by picturesque rural villages and hamlets. Highland Perthshire also rises to the peaks of Schiehallion and Ben Lawers for the more adventurous.

The ‘Fair City’ of Perth

Nestled between expanses of open parkland and situated on the banks of the River Tay, Perth offers a host of attractions for both visitors and locals alike including:

  • Perth Concert Hall – an innovatively designed auditorium which attracts premier performers and makes an ideal venue for conferences and events
  • Scone Palace, the original home of The Stone of Destiny and one of Scotland’s most important stately homes
  • Perth’s famous racecourse which has built a national reputation for fantastic racing, a thrilling atmosphere, beautiful surroundings and the very best in Scottish hospitality
  • A High Street and Shopping Centre full of a variety of well-known names as well as independent boutiques and a wealth of places to eat and drink
  • Leisure pool, ice arena and a selection of challenging golf courses
  • Art galleries & Museums
  • An abundance of tranquil, beautiful parkland and colourful gardens

Out & about

The city also boasts a range of outdoor activities including golfing, canoeing, kayaking, abseiling, climbing and biking for groups and families. The nearby town of Crieff also plays host to the coveted The Famous Grouse Experience at Glenturret , Scotland’s oldest working distillery. The nearby Gleneagles Hotel in Auchterarder features three championship golf courses which are regarded among the very best in the world.

As you can see, there are lots of reasons to live in Perthshire so why not have a look at our range of properties for sale https://www.blackadders.co.uk/property/residential or give one of our team a call on (01738) 500600.

Castle      Perth Night      Perth Races

Euan Stewart
Property Manager – Perth
www.blackadders.co.uk

April Update

Those of you who follow my blogs will be getting fed up with the similarity between my monthly updates.  I would advise that, according to the Blackadders property team, stats that I have seen and also discussions with people in the property business, the general feeling is that the market still remains very similar.  There is a notable geographical divide and I will use this as my basis for the update.

Glasgow and the West is a particularly buoyant housing market with stock and activity levels going well although stock levels are patchy but prices are consistently above Home Report Valuations.

Edinburgh is also very buoyant with high levels of activity however stock levels are slightly lagging and this is causing a supply/demand issue with prices increasing at a high percentage.  Moving along to Perth, the Perth market is moving on at a steady pace with activity levels of both sales and listings at or slightly ahead of last year.  Dundee and Angus appears to be a slight conundrum with stock levels down between 15 and 20% but the area still has a high level of purchasers.  Certain areas are moving strongly and prices are increasing as are the number of closing dates.  Moving on to Aberdeen after the depression of the last few years there are definitely signs of recovery in the Aberdeen market.  I think that it will take a couple of years for the excess stock levels to work their way through the system and also for realism to be fully embedded in the market.  People who are putting their properties on the market now at a realistic price are tending to see it move.  People who are unrealistic with their price and have had their property on for a long period of time are not.  It is an example of why you need a pro-active Estate Agent in your corner.  As a general review I would say that the supply of properties coming on the market is slightly down with a steady stream of purchasers.  This supply/demand issue is causing prices in certain areas to rise.

All in all an interesting market.  I will keep you up to date on future trends.  Please also watch out for a blog regarding the impact of the General Election on the housing market and also a further blog regarding the importance of new build developments to the market.  I will continue to keep you advised of trends and look forward to receiving any comments that you may have.

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

Brechin and Montrose – both worth a second look!

For the first of my blogs on this forum I have decided to focus in on two areas of Angus, Brechin and Montrose.

These areas are rarely commented on in property publications and yet both the DD9 and DD10 areas offer something for a range of buyers. From stately period property with generous land to more easily maintained, modern homes there truly is something for everyone.

Frankly, in my view both areas have been shunned from focus as they fall between two stools, namely Aberdeen and Dundee. Yet, for my money this is part of the appeal to Brechin and Montrose, two locations that are separated by just 9 miles. Both serve as ideal commuting bases for a couple that comprises of one working in Aberdeen and another in Dundee – from my experience this is a common scenario.

Practicalities aside, both areas offer some of the most picturesque landscapes and coastline the east of Scotland has to offer. From the top of my head I can recall breath taking walks on St Cyrus beach or being impressed by the views of the stunning surrounding countryside when inspecting property in areas such as Edzell or Stracathro.

I have hand-picked three properties currently being marketed by Blackadders that illustrates the range of housing stock in DD9 and DD10:

18a Ramsay Street, Montrose
6 Cookston Cresent, Brechin
Mill of Brathinch, Brathinch Cottages, Brechin

If you are interested in selling or buying property in either of these areas Blackadders are on hand to give quality advice.

Brian Main
Area Manager (Angus)
01356 230666 (Brechin)
01674 900200 (Montrose)
www.blackadders.co.uk