What’s the outlook for the Scottish property market? January 2019

The end of 2018 saw much fanfare in the press about the Scottish property market outperforming the rest of the UK. Glasgow and Edinburgh both saw growth greater than anywhere else in the UK, outside London. Both Scottish cities saw average house price growth of 9% in 2018. So the average property in Glasgow rose from £126,016 to £137,507 and in Edinburgh prices rose from £242,807 to £264,7451. The comparative figure for the UK was 3.6% (£224,502 to £232,554). There’s no specific reason for these price increases, unlike in 2015 which saw purchasers of high-value properties rush to complete before …

Become A Parent Investor With Cairn

For many, when their children go to university or college there are only a few options open to them; continue to have them live at home, have them register for a space in the student halls, or look for a private rental property they can stay in while in further education. Depending on logistics, the first option of them continuing to live at home may not be feasible. It makes sense to live close to where you’re studying. There is, however, another option open to parents who are at this crossroads with their son or daughter. The could become a …

Meet Chris Tulloch: Our Dundee Property Partner

Here are his thoughts on being a Cairn Property Partner Why do you want to become a property partner? – For family reasons, I am moving to Dundee with my wife and children at the end of 2018. I wanted to continue working in property as it is something I enjoy a great deal and if at all possible continue to work for Cairn. The opportunity to become a property partner was too good an opportunity to turn down and having worked for the company for nine years I was very keen to continue with that relationship and evolve my career. …

Meet Sarah Carrell: Our first property partner covering Lanarkshire

Here are her thoughts on being a Cairn Property Partner About Sarah As a local property consultant for Cairn, I support landlords; sourcing, developing and letting residential property and working with them to set and achieve investment goals. I offer a personal connection, prompt personal attention to their properties and onsite tenant support and advice. This hands-on approach to the ongoing management of let properties helps to ensure tenant quality and a managed maintenance programme. “Sarah really cares. With a long career in customer service, Sarah understands the importance of great service, and she gets to know her landlords and …

10 Years of Home Reports in Scotland

Home Reports have been a well-known part of Scotland’s property landscape since December 2008. These reports provide some of the most essential facts about the quality of a home to ensure buyers and sellers are fully informed before entering any negotiations. Home Reports were first introduced to improve the quality of homes across Scotland and include a survey report, valuation, energy report and property questionnaire. According to a recent Scottish Government survey, around three-quarters of buyers said that the information contained within the Home Report was helpful for them. This was especially true of first-time buyers: 90% of said that …

How can your garden grow (your house value?)

We Brits love our gardens. So much so, Zoopla has recently reported that we are willing to pay a huge £27,000 premium to buy a property with a garden and a sizeable £243 a month extra in rent. Those in London and North East England are spending even more at around £30,000, whilst in Wales, Scotland and the North West it’s around £22,471. For us, a garden is a huge factor in our house hunts. 8 in 10 British homebuyers have said “no thanks” to a property with no garden and 54% have been put off from putting in an …

Zoopla cites 3 Scottish cities for property price spurt

3 Scottish cities have been reported as experiencing the highest property price increases in the UK recently. Zoopla has reported that Edinburgh, Glasgow and Aberdeen are among a list of 20 cities where property prices have spurted in the country. The capital, Edinburgh topped the list. The current average house price is a meaty £225,300 here which is a year on year growth of 7.1%. Glasgow reached number 15. There has been a 2.8% annual growth here and average house prices are £125,400. Bringing up the rear, Aberdeen was number 20 on Zoopla’s report — the average house price is …

Glasgow’s West End: the middle age magnet

Glasgow’s West End is well known for its huge student population and popularity with hip young professionals. However, a recent report from the Evening Times has found that those in their 50s whose children have left home are being drawn to the area too. A new luxury property development in the Park Circus area of the West End, Park Quadrant Residences, has seen record numbers of empty nesters up sticks from houses in suburbia to flats in this bustling inner-city area. These new residents are drawn to the stunning location and the host of premium amenities the apartments offer: underground …

Making the most of Freshers’ Week

Freshers’ Week – your first week of university – has a whole lot of hype around it. The cultural significance of this rite of passage can be overwhelming. The pressure to have the time of your life is huge. Here’s how to make the most of this week so you get off on the right foot but don’t burn out! Plan ahead Turn to your university’s social media pages and check out what events your university and their student union is planning. You’re also likely to get a guide in the post or when you enrol at uni. Make a note of …

A Parent’s Guide to Student Accommodation

An image of popular Glasgow Tenements. A key strategy for investing in property in Glasgow.

Your teenager is off to university and needs somewhere to live – not sure where to start? We talk you through the ins and outs of the student accommodation options available these days. They’ve come a long way from your student digs, trust us. University-owned accommodation The most popular student accommodation option for ‘home’ i.e. UK students, still remains university-owned buildings. These are purpose-built student accommodation blocks — normally for first years of that specific university only. These buildings usually comprise shared flats of around 6 rooms – sometimes with en-suites or a shared bathroom – and a shared kitchen and …