A chronic shortage of available properties Edinburgh has resulted in the return of competitive Closing Dates and some spectacular offers not seen since the 2006 peak. Our latest quarterly figures indicate particularly interesting trends as rising demand is spreading to the 'outer prime' including Dalkeith, Musselburgh and Bathgate. This emerging 'bubble' is not unsurprising as the recent increased lending released the 'pent up' demand which had accrued over several years. There are now many more first-time buyers but other reasons include purchasers seeking better value for their money and investors requiring higher rental returns for less expenditure.
Price increases are expected to continue to surge ahead and the price differential between a standard flat and an average family home is widening quicker than average savings can grow. It is now the perfect time to sell and buy ahead of the possible introduction of higher loan-to-value mortgages or other capping methods'.
The Governments Help-to-Buy-Scheme 2 applies to existing owners and 2nd hand homes (up to the value of £600,000).
Drummond Miller has a team of highly experienced professionals who will happily answer all your questions relating to legal, estate agency or letting matters. We will provide a competitive fee quotation and offer a no-obligation pre-sale valuation or rental assessment for your property. Please note Home Reports do NOT have to be renewed every 3-months.
Telephone 0131 229 3399 (or 07595820611 outwith office hours)