Home buyers fees to remain unchanged in Scotland in 2019
here will be no increase in fees for home buyers in Scotland in 2019, it has been confirmed.
Statutory fees charged by Registers of Scotland will remain at the same rate they have been since January 2011.
In another boost for buyers, the Scottish Government have announced that there will be no change to the fees charged by Registers of Scotland.
‘I am pleased that once again it has been possible to support homebuyers by freezing registration fees, which have been held at their present level since 2011,’ said Kate Forbes, Minister for Public Finance.
‘Keeping registration fees at their current level will help those transacting on a property, as will the ongoing development of Scotland’s Land Information Service which will make accessing land and property information more accessible and affordable,’ she added.
Meanwhile, property agency Rettie & Co, is forecasting that prices in Scotland are set to rise by 1.5% this year, but this is below levels seen in recent years.
The strongest market is likely to be Edinburgh and Build to Rent is set to see a boost in Glasgow, while the beleaguered housing market in Aberdeen could see an improvement, according to the firm.
But the recent increase in Additional Dwelling Supplement (ADS) from 3% to 4% has not been welcomed and could hit the private rented sector.