Rettie

Our latest Spring Housing Market Briefing is now out. For now, it is a stable sales market and seems set to stay that way for the foreseeable future despite the challenges of an anaemic economy and relatively high interest rates. New build delivery, however, has been battered in recent years. The rental market is cooling in terms of rent rises but there is a growing availability issue that will likely worsen. Link to the full report https://lnkd.in/e-9VZVRS

Coming Soon...📽️ We're excited to give you an exclusive peek behind the scenes of our latest Living Local campaign!🏡 Keep an eye our for our upcoming posts. Daniel Cohen, Sean Smith, Kay Blair, Grace Reilly

South-West Fife’s housing market has seen notable growth in 2024, outpacing the Scottish average, according to Rettie.

What was the good news about and for local businesses in February? We’ve put together the top-20 stories and features that caught your eye this month. You can read them all in full here https://lnkd.in/e5Qe6RfJ - The appointment of two new directors, Kevin Maley and Lewis Gilmore at Rettie - A new menu at The Seafood Ristorante in St Andrews, to celebrate its 20th anniversary - A partnership between Cazenove Capital and Entrepreneurial Scotland, to support business leaders - An accolade for Mackrell International Legal Network, the network that BTO Solicitors LLP belongs to - A first for The Energy Training Academy, launching a course to train low-carbon-heating engineers - A contract win for SCE Property Consultants Ltd - A Business Gateway Edinburgh training and networking event for freelancers, coming up on 18 March - A £3m funding boost for Smart Data Foundry - A new mortgage adviser, Stephanie Morgan CeMap joined Mortgages One Stop - A move to bigger premises for Henderson Loggie - The opening of Barry Bryson Jack's restaurant, Barry Fish on The Shore - The opening of a second boutique by luxury label Strathberry on Victoria Street - Eat Out Edinburgh's venue line-up for its city-centre restaurant festival, starting on 6 March - The WanderWomen Scotland retreat coming up on 15-16 March - The 1000th guest welcomed by Lindsays Highland Tours - A Michelin star for Edinburgh restaurant, Lyla - Ruth Boreham's walking tour on women's history, in the New Town on 15 March - The third season of Angela Casey's Edinburgh Outdoors podcast - Our feature on business sentiment, with insights from local business owners, including Giles Etherington, Stephen Fairfield, Lynsey McMenemy, John Wilson, Gerry Forristal 🏳️🌈 and Alice Nisbet - Tracy Griffen's first fitness for gardeners workshop, on 19 March We also welcomed Allan McDougall Solicitors, who offer a weekly, free family-law clinic, to our business directory Thank you to everyone who took the time to share their news with us and if you’d like to let our readers know what your company is achieving, creating, supporting or launching, it would be great to hear from you too – please just email hello@businesslifeedinburgh.com

We're Hiring! 💼 We have a great opportunity for a Sales Consultant to join our successful St Andrews branch in this newly created role. It's an exciting time to join the team and be part of our ongoing growth ambitions! 🏡 For further information, click the link below! 👇 https://lnkd.in/eAYE8Z8v

Positive Momentum in the UK Mortgage Market Recent data from the Bank of England and UK Finance paints a promising picture for the mortgage market, showing resilience despite ongoing economic challenges. Mortgage Lending on the Rise, January 2025 saw net mortgage lending increase to £4.207 billion, the highest since September 2022. While approvals dipped slightly, however this was less than expected. House Prices Holding Strong, UK house prices rose 0.4% in February, bringing the average to £270,493, up 3.9% year-on-year. A key driver for this might be buyers moving fast ahead of stamp duty changes in April. Buy-to-Let Activity Grows, Q3 2024 saw a 6.5% rise in buy-to-let lending, totalling 48,862 loans worth £8.6 billion, with rental yields also improving, which can only be a good thing for Landlords. Bank of England Cuts Boost Borrowing – The BoE has introduced three rate cuts since summer 2024, bringing the base rate to 4.5%, helping to ease mortgage rates and stimulate lending. What does this mean, despite the ongoing affordability pressures, the UK mortgage market is showing stability and growth. With lower rates and strong buyer demand, we could see continued momentum which is good news for borrowers and investors alike. Are you thinking about your next mortgage move? Whether you're a first-time buyer, investor, or looking to re-mortgage, our team at Rettie Financial Services can help you navigate the market and find the best solution for your needs. Get in touch with me at bob.duncan@rettie.co.uk to discuss your options.

South-West Fife outpaced Scottish trends on house pricing in 2024, with average house prices in the area increasing by 3.2 per cent during the year, having risen by around 49 per cent over the last 10 years. The average house price in South-West Fife in 2024 was £218,113. North Queensferry stands out as the top location in South-West Fife, ranking in the top three across the whole of Fife, only behind Elie and St Andrews. Demand for property in South-West Fife was strong in 2024, according to property firm Rettie, with transactions up by approximately 7 per cent at over 6,500 against the previous year. The top locations in the area by average house price last year were North Queensferry (£497,800), Aberdour (£337,654), Limekilns & Charlestown (£301,313), Saline (£261,000), and Burntisland (£226,743). The average house price in Dunfermline during 2024 was £195,176, an increase of 3.3 per cent on 2023. Additionally, detached homes in the area now command a premium of over 20 per cent above both the Scottish and Fife averages. Alastair Houlden, Director, Rettie said: “The South-West region of Fife is an attractive place to live for those looking to escape the hustle and bustle of city life, offering a unique blend of coastal charm, scenic countryside, and excellent connectivity. With its picturesque villages and strong commuter links to Edinburgh, it’s no surprise that demand remains high.” Alastair Houlden added: “Dunfermline benefits from railway stations that are only 25 minutes to Edinburgh, and positioned on the M90 corridor. And with quality housing near to the city centre featuring a collection of period villas in a leafy setting, they are very similar to those found in Edinburgh’s popular districts of Grange and Trinity. And over the last year, around 50 per cent of sales we’ve handled have been to purchasers relocating out of Edinburgh.”

With the upcoming opening of our new branch on Morningside Road, we are recruiting for our Lettings team. If you think you fit the bill then get in touch with Karen Turner (MARLA) ☎️ 📧 #rettie #lettings #businessdevelopment #edinburgh

Last week we released our latest research report - South West Fife Market Briefing February 2025. We are pleased to share the key insights from our recent report, conducted by Murray Watson where we explored the latest market trends, economic outlook, and opportunities in the region. 🔍 Key Findings Include: House Price Growth Demand Surge Premium Pricing The report has also been featured locally in The Dunfermline Press: https://lnkd.in/ehkpSiCq To read the full report, click the link below!👇 https://lnkd.in/e-hqYEjb.