Part 4 of The Housing (Scotland) Act 2014 sets out a provision of regulatory framework for letting agents operating in Scotland, including a mandatory register, ‘fit and proper’ person test, training requirements, code of practice and enforcement through the new First-tier Tribunal. The Code of Practice for letting agents in Scotland, once in force, will cover …
Read more >Strong growth in Edinburgh and Glasgow continues to propel average Scottish rents upwards with chronic imbalance between supply and demand setting in within the central belt. The latest Citylets Quarterly Report to Q3 2016 shows average rents in Edinburgh have broken the £1000 per month mark for the first time and growth in Glasgow has …
Read more >Bank of Mum and Dad, known for helping young people to get on the property ladder, is a major player in the UK housing market. According to research carried out by insurer Legal & General, parents will be involved in 25% of all mortgage transactions in 2016, helping 305,900 of their grown-up children. The UK …
Read more >Owned by LaSalle Investment Management and managed by Dandara Living, Forbes Place at Stoneywood in Aberdeen is the first build to rent development in Scotland. It features high standard accommodation of 292 fully furnished apartments and townhouses available exclusively for rent. Forbes Place is a part of a much needed response to a housing crisis …
Read more >The Glasgow rental market has been rising steadily over the last 10 quarters with average rents now standing at £719 per month as at Q2 2016, up 5.0% from a year ago. Positive annual growth has been recorded in Scotland’s largest city quarterly since Q4 2013 as rents continue to track the national average at …
Read more >Port of Leith Housing Association (POLHA) is planning to deliver over 480 new homes, including mid market housing, to Leith and North Edinburgh by 2020. To make this possible, POLHA has secured a unique deal which combines a £10m revolving credit facility (RCF) with Bank of Scotland and a £35m private placement (PP) with Canada …
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