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Residential Property

On 18 June 2020 the First Minister confirmed that the Scottish Government was ready to move the country into Phase 2 of the route map out of Covid-19 ‘lockdown’.   This announcement was followed up on 23 June 2020 with new guidelines relating to the housing market that stated  "From 29 June 2020, all home moves are permitted, provided they can be carried out safely." 

The published Phase 2 changes for the property market include the resumption of physical viewing by potential buyers or tenants of properties for sale or lease.  Selling agents will be allowed to re-commence visits to properties, subject to restrictions designed to keep all parties safe, in order to provide a valuation and marketing advice and to record details of the property to enable them to prepare a Schedule of Particulars.

Based on the First Minister’s statement today and the document available on the Scottish Government website entitled “Scotland’s route map through and out of the crisis”, it would appear that consideration will be given to re-opening Scotland’s housing market during Phase 1 of the plan with a  view to some restrictions in relation to house moves potentially being lifted in Phase 2.

11 May 2020 - Residential Property - ADS further update

In light of the difficulties currently being experienced within the property market as a result of Covid 19, the Scottish Government has announced that it proposes to implement measures in the second Coronavirus Bill to extend the time within which a main residence must be sold in order to claim back the Additional Dwelling Supplement (ADS).  The relevant period is to be extended from 18 months to 27  months where the new main residence was purchased between 24 September 2019 and 24 March 2020.

The Coronavirus (Scotland) Act which was passed by the Scottish Parliament on 1st April 2020 and received Royal Assent on Monday 6th April 2020 provides the Scottish government with a range of emergency powers which will have a substantial impact on the property sector throughout Scotland.

Financial Assistance for Landlords

Included in these new measures is the announcement of financial assistance for Landlords who suffer loss as a result of the Coronavirus pandemic.

Those in the process of moving home or who are planning to do so in the near future, will doubtless already be aware that sales and purchases of residential property have been severely disrupted as a result of the ongoing Coronavirus pandemic.

What are the main problems?

  • Registers of Scotland is closed to new applications

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