Property Market Restarting

Residential property market to re-start in Phase 2 of the Route Map out of Lockdown

When the Scottish Government ordered the lockdown on 23 March, the property market came to an abrupt halt.

By then, the Registers of Scotland had closed the Applications Register and that meant transfers of title couldn’t take place.  However, after some urgent and important negotiations amongst the legal profession, arrangements were made to allow urgent transactions to settle.  However, the overriding advice to the legal profession and the public was (and still is) where possible, try to push back the date of entry until the market can re-open.

In the early days of the coronavirus pandemic, much of the “push back” of entry dates was mainly guess work. However, we’ve at last begun to see some light at the end of the tunnel following the announcement of the Route Map out of Lockdown announced by the Scottish Government on 28 May.

As of 10/06/2020 we are currently in phase 1 of the Route Map.

This now means that as solicitors and estate agents, we can now travel to our offices to check for readiness. We  are allowed to make changes to allow out offices to operate in a safe and social distancing way, erecting signage, screens and marking distances on the floor as well  as briefing staff on new and safe operating procedures (although all of this is in  conflict to the instruction to  work from  home where possible – and we’ve been doing  that throughout).

On 8 June, the First Minister gave the strongest indication yet that we’re likely to move into phase 2 of the Route Map out of Lockdown when it’s next reviewed on 18 June.

In relation to the housing market, the measures in phase 2 are expected to include:
  • Allowing visits to estate or letting agents or to developer’s sale offices or show homes;
  • Visiting residential properties to view when looking to buy or rent;
  • Preparing a residential property to move in;
  • Actually, moving home;
  • Visiting a residential property to undertake any activity required for the rental or sale of that property (valuations and Home Reports)

We can’t wait for the move to phase 2 being formally announced and are very hopeful that we will hear some good news about this on 18 June.

However, you don’t have to wait until then to start making your move. There are lots of things we can do to get your property ready for the market re-opening and that’ll mean the faster you move, the quicker your property will appear on the market.

If you’d like to find out  how we can help get your property market ready, get in touch with us now.
If you are buying in Scotland you will need a Scottish Solicitor.
If you are selling, Hastings Legal are the top-selling Solicitor Estate Agents in the Borders.
Did You Know that with a Solicitor/Estate Agent you are more in control of Selling Your Property?

⇒ See this excellent article by Edinburgh Solicitors Property Centre about the benefits of using a Solicitor led Estate Agent ⇒

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Articles about Buying and Selling in the Scottish Borders