What impact will the election results have on property sales and prices?

Hung Parliament? Brexit? Independence? House hunters and potential sellers need to remember, that irrespective of Government, people’s lives change and people need to move house. 

A recent report confirms that Scotland shows the biggest increase as UK house prices hit a six-month high. The house price index shows prices rose by 6.8% in Scotland to reach an average of £146,000, compared to a 5.7% in England, with Edinburgh and Glasgow recording the strongest growth in Scotland. The most expensive area in Scotland remains Edinburgh, with average prices of £250,107.

There’s little evidence to suggest prices would differ dramatically in the months following the election result.

Partner Mary McQueen advises: “The market in Edinburgh still looks strong. If you are thinking of selling, don’t wait to put your property on the market. Many people will hold off, and therefore if you can have one of the few properties in your price bracket available, it is likely to be in a stronger position, attract much more interest and potentially a higher offer than when the market becomes flooded once again.”

McQueen Legal currently have over 6000 house hunters on their database. Until the end of October we are offering one person the chance of a free Property Purchase saving an average of £750 + VAT (terms apply) and we are also currently running a summer offer for a free Home Report.

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