The latest quarterly report from the ASPC gives a reassuring picture of local market activity, with the house price index remaining, mostly, in the positive. The change in quarterly price is +1.5%, while the annual change is -0.5%. Taken over five years, the index is marginally positive at +0.4%. While the figures are reassuring, it may well be that our local market is yet to feel the strain of the general economic background and only time will tell whether this will be reflected in the remainder of 2023. Buyers’ wariness over the short term may well affect property sales as they effectively “sit tight” to see what happens with interest rates. This may result in a sluggish Autumn/Winter market as moving plans are put on hold, but for the moment, there is still healthy demand for properties in desirable locations and in good condition.Read More
Our commercial property team’s savvy and realistic approach to transactions ensures that they take account of practical and commercial considerations, not just the legal intricacies.
The team’s strong and enviable track record in commercial property transactions has been gained over a number of years working with business of all shapes and sizes.
With clients including nursing home owners, hotel and restaurant proprietors, investors, property developers and builders, harbour authorities, multi-national drilling contractors and offshore support vessel owners and operators, our breadth of experience in this field is second to none.
The team regularly handles the sale and purchase of industrial, retail, office and agricultural tenancies; negotiates leases and rent reviews; advises in business sales and acquisitions; and deals with Stamp Duty Land Tax liabilities.