The WPC Weekly News Round-Up #4
A belated "Happy New Year" to everyone and a 'Big Welcome' to 2013.
Well we were wrong in the Christmas edition of our weekly round-up. There was no white Christmas and instead we saw lovely sunshine with of course, the odd splash of rain, but that is always to be expected.
RICS Suggests 2013 Scottish house market confidence
It seems surveyors expect house sales and prices to increase in 2013 amid growing confidence in the Scottish housing market.
The BBC has just reported that the Royal Institute of Chartered Surveyors (RICS) are expecting an increase in transactions suggesting that the housing market is “over the worst” in some parts of Scotland.
RICS Scotland director stated: "As we start the new year confidence in the housing market does appear to be improving, with RICS members predicting that transaction levels will continue to increase. However, despite these tentative signs of recovery in the sales market, more still needs to be done to ensure potential buyers can access the market at every level.
Glasgow house prices raise while Edinburgh house sales raise
On the back of the positive news above from the BBC regarding future predictions for 2013, recent reports within both the GSPC and ESPC have published some positive news regarding both the property markets in Edinburgh and Glasgow within 2012.
In Glasgow, the GSPC reported that selling prices are up 1.8% within Glasgow and the West with sales improving and selling times shortening by 10% on the same time last year to an average of 132 days. Even though property prices did slip back in the last three months of 2012, the year average increase still boasts good news for a city. Is it just a case of selling prices just fluctuating? We will have to wait and see if the RICS predictions within the BBC news report above come true or not!
In Edinburgh however, the ESPC reported that in the capital, house sales have reached a five-year high. The latest 'ESPC house price report' reported the total number of homes sold across Edinburgh, the Lothians and Fife during the last three months rose by 11.3% to the highest fourth-quarter level since 2007. However, property prices have unfortunately continued to fall with the average house price in the Capital standing at £202,266 following a year-on-year decline of 8.5 per cent, the fifth consecutive month to see a fall.
Even though not all the facts are good news from both cities, there are some real signs of housing market hope within both market places. To read both the articles, click on the links below:
- GSPC article: Prices in Glasgow and the west tread water as sales strengthen
- ESPC article: ESPC House Price Report - December 2012
Its Snow Joke! Tips to prepare your home
It might not have been a white Christmas, but it certainly looks to be a white and chilly January in some parts of the country. With this in mind, we have put a few tips together to help everyone prepare their homes for the wintery weather. Simply click on the link below to view.
To find out if it might be snowing within your area over the next few days, simply click to visit the BBC weather in your area.
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