HM Insights

Property and Construction Bulletin September - News

Code of Conduct for Property Factors

All property factors operating in Scotland can now apply to a compulsory online registration scheme. This is a central element of the Property Factors (Scotland) Act 2011 which was passed last year by the Scottish Parliament requiring all factors to be registered, to operate in compliance with a statutory Code of Conduct and introducing a national Homeowner Housing Panel to which homeowners can seek redress on disputes with their factor.

The Scottish Government's press release can be read here:

Scotland leads the way in council house building

Scotland is building five times as many council houses per capita than the UK government, official statistics reveal. Last year, council housing building amounted to 19.4 homes per 100,000 population compared with 3.5 homes per 100,000 in England.

Scottish farmland values 'continuing to grow'

The average value of Scottish farmland has almost doubled over the past five years, according to a report by property consultants Knight Frank.

Scammers target contractors with invoice fraud

Con artists are targeting contractors after swindling millions out of public sector bodies using a new scam known as mandate fraud.

Crown Estate announces reforms

The Crown Estate, which controls half of Scotland's coast and almost all of its seabed, is giving away some fishing rights and releasing land in Edinburgh.

SFT to release subcontractor bidder data

The Scottish Futures Trust will release subcontractor data for successful and unsuccessful bidders for its construction projects next year for the first time.

Property: Hope for housing market as sales rise by 11%

THE number of homes in Scotland sold in the first five months of the year has increased by 11 per cent, showing signs of recovery in the housing market, according to a new report.

Scottish Government Launches Empty Homes Loans Fund

The Scottish Government is keen to encourage owners of empty homes to bring these back into use as affordable housing. In order to kick start empty homes work across Scotland, the Scottish Government has made available up to £4 million in the form of an Empty Homes Loan Fund.

All funding will be provided in the form of loans, although interest will not be charged. Bidders would have to repay at least 60 per cent of the funding by 2019/20 and would be expected to repay the remainder of the loan by 2023/24 at the latest.

Applications will be accepted from a range of organisations, including private sector bodies, housing associations, local authorities (including the City of Edinburgh and City of Glasgow councils) and other landlords.