MacNairs + Wilson

Recent research from Post Office Money and property-tech provider, Gazeal, revealed that the fastest-selling properties in the UK are located in Edinburgh and Glasgow. According to the report, Edinburgh tops the board with properties spending just 39 days on the market. Glasgow was not far behind, moving property from ‘for sale’ to ‘sold’ in an average of 48 days.

The latest quarterly housing statistics reported that 8,767 affordable homes were delivered throughout Scotland for the year up to September 2018; a 21% increase on the 7,271 completions during 2017.

Writing a will is not always just about who you want to leave your estate to, but also who you wish to cut out. Being clear in your will about who is entitled to what assets will reduce the chances that your wishes will be disputed.

A recent government publication based on the analysis of data from the Wealth and Assets Survey between 2014 and 2016 looked into intergenerational transfers such as inheritances, gifts and loans. The report attempts to address whether inheritances and gifts are received predominantly by those who are economically more advantaged, by what age groups, how people spend their inheritance and from whom they are most likely to inherit from.

According to the latest UK House Price Index for August 2018, the average price of houses in Scotland was £153,309 - 4.1% higher than in the same month last year. Despite the average UK house price also increasing - up 3.2% in the year to August 2018 - the report highlighted that property prices in Scotland are growing at a slightly faster rate.