Scotland Regional Meetings

Aberdeen | North East

No Dates Available

Sorry there are no events or meetings available, to talk to us about availability please contact us on: 01926 417 792

Glasgow | West | Dumfries

No Dates Available

Sorry there are no events or meetings available, to talk to us about availability please contact us on: 01926 417 792

Inverness | Highlands | Islands | Argyll

No Dates Available

Sorry there are no events or meetings available, to talk to us about availability please contact us on: 01926 417 792

Edinburgh | Fife | Central | Borders

14c Scotland - Edinburgh, Fife, Central Scotland and Scottish Borders
Tanya Richards

Representative: Tanya Richards
Company: Propertymark
Branch: Propertymark

  • Stirling - The Golden Lion Hotel - Tuesday 22nd January 2019 09:30 - 12:15
    Spaces available
    More Info Book Now

Kathleen

November 2018

Inverness, the Highlands and Islands and Argyllshire cover a huge area of Scotland and we are noting an increase in landlords selling for a variety of reasons including tax changes and fear of the unknown with the new PRT. A number of landlords have moved into Airbnb/holiday lets as they see significantly increased demand from tourists, bigger returns on their investment and far fewer compliance issues to be addressed. As demand cools and landlords get a better picture of the work involved and costs to be covered, these landlords may choose to return to the PRS.

Demand for properties has remained high and we anticipate that this will continue, especially in the wider area around Inverness where there are several large and complex infrastructure projects at various stages of progress. This brings skilled and managerial staff into the area seeking quality accommodation and has an upward effect on rents. To date, we have not seen any progression of interest in RPZs for the Inverness area but it has been discussed at local authority level.

Many EPCs on properties will be due for renewal soon and we encourage landlords to actively investigate the grants and interest-free loans available to help raise EPC bands. From 2019, properties will have to meet at least level E for an EPC for all new tenancies. The requirement will be nudged up gradually over time.

The buzz (or not) among agents managing properties in Scotland, irrespective of the agent’s location, is of course letting agent registration. Since 1 October 2018, it has been a criminal offence to manage a property unless the agent has been approved or applied to be on the register. At the time of writing, it is estimated that of the 1,700 agents managing properties in Scotland, 900 have yet to apply and are therefore acting illegally. It has of course also been a legal requirement for all agents managing properties in Scotland to comply with the statutory Code of Practice since January 2018. Clauses within the code require the agent to have a dedicated client account and client money protection. Client accounts are not understood by all and in a surprise and concerning move, from 1 October 2018, the Scottish Government removed the requirement for agents to have both a client account and CMP before they could apply to the Register. It appears some agents claim to be unable to obtain such an account. Time will tell if they will be approved to be on the Register by October 2019.

Kathleen Gell
ARLA Propertymark Regional Representative
kathleengell@arla-reps.co.uk

Regional Meetings are Free for Members

Meetings are open to everyone however booking is essential as spaces are limited. For non-members it's £15.00 +VAT to attend.

South West

Regional Conferences

We host a series of conferences throughout the UK. Keep up with legislative changes, take part in expert led workshops and network with like-minded professionals. Find out if there's a conference happening in your area.

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