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Archive for the ‘Warners Solicitors’ Category

Warners bungalow response to Bank of Scotland

House prices in Scotland will continue to grow across all property types in the long-term, according to Edinburgh’s leading property solicitor.

Reacting to today’s Bank of Scotland Property Type Review – which revealed that bungalows have increased in value more than any other property type over the past decade – Warners said that long-term demand for all property types was likely to remain high.

Estate agency partner Scott Brown explained: “Over the past decade, we’ve seen that the gains on all types of properties in Scotland have been broadly similar. All property types have increased in value since 2000 and these are still in high demand among buyers….”

You can read the full article at the Holyrood Partnership PR in Scotland website.

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Warners Solicitors & Estate Agents

A growing sense of realism among house buyers and sellers in Scotland is helping to encourage recovery in the property market, according to Edinburgh’s leading property solicitor.

Warners – the number one firm in the ESPC – believes that homebuyers and sellers have become more realistic about their expectations over house prices and the state of the market, which has led to an increase in property sales and listings across the country.

The firm highlights figures revealed by the Edinburgh Solicitors Property Centre (ESPC), which show that property sales and listings have been growing year-on-year for the past three months.

The stats show that in February a total of 709 new properties were listed in Edinburgh (up 125% on 2009 levels), while in March there were 1011 new properties listed (up 91.5% on 2009), and in April there were 997 new property listings (up 97%).

To see the full story, visit the Holyrood Partnership website.

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Warners reveals latest property sales stats in Edinburgh

Warners reveals latest property sales stats in Edinburgh

Edinburgh’s property market is showing more encouraging signs of recovery, according to new statistics revealed by the Capital’s leading solicitor estate agent.

Warners has released figures showing that the number of property sales it completed in September has risen by more than a third, compared to the same month in 2008.

According to the data, a total of 67 properties were sold through the firm in September – worth a total value of £12.2 million. In contrast, the firm only sold 47 homes worth a total of £7.6 million in the city during the same period in 2008.

Scott Brown, estate agency partner at Warners, said: “We’ve been seeing promising signs of recovery in the property market for some time now. There’s a lot more confidence among buyers and, as a result, we’ve seen house prices and the number of property sales rising in recent months.

Read the full story at the Holyrood Partnership PR in Scotland website.

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A penny coin

A penny coin

The Government should act now if it wants to safeguard the affordability of property for key workers, according to one of Edinburgh’s leading property solicitors.

Responding to the latest research by the Bank of Scotland – which claimed key workers such as teachers and police officers could now afford to buy in 39% of Scottish towns – Warners said that it was likely that prices could become less affordable once the Scottish property market recovers.

The firm added that the Scottish Government should be considering ways to address affordability issues for key workers now, as it could be too late to do so when property prices start to rise in the future.

Scott Brown, Estate Agency Partner with Warners, said: “Housing is becoming more affordable for everyone, as prices have fallen over the past 18 months or so. However, it is important for the wellbeing of our communities that those in essential services can afford to live near their work if they wish to.

Read the full stort at Holyrood Partnership, PR and media expert in Edinburgh

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Warners' Estate Agency Partner Scott Brown

Warners' Estate Agency Partner Scott Brown

The Bank of England’s decision to cut the base interest rate to an all-time low of 1.5 per cent could help encourage buyers back into the property market, according to one of Scotland’s leading solicitor estate agents.

 

Scott Brown, estate agency partner at Warners, says that the unprecedented move could stimulate activity on the property chain, as buyers start to realise that the banks will not pass further rate cuts to their customers.

 

He said: “Any move to re-stimulate the economy is to be welcomed and this latest cut in interest rates is a very positive step. Even if the banks do not pass this rate on fully to their customers, I think it will still have a knock-on effect on the housing market.

 

“There are some people who have been waiting for interest rates to level out before they make a purchase and this could encourage them to finally take that step. If, as is expected, the banks do not pass the full rate cut on, then it will be clear that these lenders’ interest rates will not go any lower than they are at the moment – and therefore borrowers will not get a better deal.

 

“Of course, what we now need to happen is for banks to start lending more to borrowers, which will help encourage people to purchase a home. Once this happens, it should help to stimulate the housing market and, ultimately, the rest of the economy.”

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Scott Brown - Estate Agency Partner with Warners

Scott Brown - Estate Agency Partner with Warners

Edinburgh’s leading solicitor estate agent has welcomed the decision by the Bank of England to cut the base interest rate by 1% and has claimed the move could help encourage first-time buyers into the property market.

Scott Brown, Estate Agency Partner with Warners, said: “This decision may look like a dramatic move – particularly as it follows last month’s 1.5% cut – but it is welcome news for the property market. It shows that the Bank of England is not afraid to tackle the current economic problems head on, which is very encouraging.

“Provided the base-rate reduction is passed on to customers through mortgage lenders, this move could help encourage first-time buyers to make their first step on the property ladder. At the moment, there are plenty of would-be purchasers out there who have been waiting for something like this to spark them into buying a home.

“We have been suffering from a lack of confidence for many months, which has seen the number of property sales drop across the whole of the UK. The Bank’s decision to cut rates by 1.5% last month showed that they were serious about tackling this issue and this latest cut will bring even more welcome relief for borrowers and act as an incentive for new buyers to enter the market.”

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