Growing Property Interest in Scotland
The last year has been a really challenging one for a lot of different reasons. The circumstances of being in lockdown have forced many of us to look at our immediate surroundings and decide that a change is in order. In the UK, this need for change has kept the housing market buoyant all throughout 2020 and into 2021. At various times throughout the Covid crisis, experts were predicting a housing bubble in line with some of the economic strains seen, but nothing has come to fruition.
Driven by the fact that the majority of Brits will continue to work from home even after restrictions are fully lifted, the housing market has gone from strength to strength. The UK government had originally delayed the need to pay a stamp-duty tax on house purchases, driving some level of interest. The end of the stamp duty holiday has been pushed back to summer, so buyers are still trying to get their purchases through to save money on the tax.
A City Exodus
If we continue to focus on the UK housing market, we can see that many people are questioning the need to be in a city centre at all. With so many white-collar office jobs giving up the idea of having people working in an office, a lot of people in the housing market are making the decision based on the fact that their home will be where they work from.
London famously has a problem for young people getting on the housing ladder. Reports from the last year have revealed that a lot of millennials have now opted to move to the satellite towns of the UK capital in search of cheaper housing and a better work-life balance. Better still, some people who would traditionally have to work from a city centre office have opted to trade it all for the countryside.
For some house buyers feeling a little more footloose and fancy-free, Scotland has drawn their attention. Scotland offers a lower cost of living than other parts of the UK, and the North East and Aberdeenshire have relatively low house prices. As a tourist destination, Scotland often tops the polls as one of the world's most beautiful countries. It's clear to see why a move here would be appealing for those who want to escape the humdrum of modern life.
Aberdeenshire didn't always have such low property prices. The town is the centre of the UK's North Sea oil industry and was typically an expensive place to buy. In recent years, the oil market has fallen out, and as a consequence, the city and surrounding area is now a much cheaper place to buy a house. Across the whole of the UK, first-time buyers should be looking North if they want a change of scene and more bang for their buck.
Rural Yet Connected
If you feel that this option might appeal to you, there are a number of places all throughout Aberdeenshire that are well with looking into a move. Local property experts would recommend somewhere like Bridge of Don as an ideal place to enjoy the countryside on your doorstep, with the city of Aberdeen just a short distance away.
Creating this balance between cheaper, less urban properties without feeling too cut off from what you might enjoy from living in the city is what many young people in the housing market are looking to do. Aberdeenshire is well equipped to cater to this growing market. It will be interesting to see how these stepping stone communities between urban and rural areas develop as people in the housing market decide that the want the best of both worlds.
Canada is a big place. Even a simple trip from one side of the country to the other can feel like a journey to a whole new world. In some ways, that’s exactly what it is.
If you’re thinking about buying a home, there’s no doubt you’ll be under a lot of stress. It’s one of the least fun and most intense processes you can go through in life. But it is a vital part of being an adult and having responsibilities
Commercial property management software, i.e. the kind that streamlines tasks and operations of such a business has been creating a lot of buzz off late. This is because it can help with lease management, payment collection, monitor maintenance, etc.
Selling a home can seem like a daunting task, which is why many people turn to a realtor when the time comes. However, there are advantages to selling a home yourself. Realtors typically charge around 6% of your sale price, which can cut into your profits quickly
There is no doubt that real estate is a profitable as well as fruitful asset in someone's investment portfolio. On the other hand, the property is an asset that can offer you the best return that will be much higher than the current inflation rate.
With record-low mortgage rates and a sudden wave of relocations enabled by remote work, the real estate market has been on fire since 2020. With unseasonably high demand well into the cooler months, the sector also avoided the usual fall slowdown.
Whether you’re buying or selling a property, the real estate process is not an easy task. There are so many things you need to take into account – the location, the neighbourhood, the amenities available nearby, the people and most importantly, the condition of the market.