Home reports were welcomed, but now they need tweaking | David Alexander

In his latest article for The Scotsman, David Alexander discusses the topic of Home Reports in Scotland, and the changes that may be needed to meet the current needs of the market.

David explains: “In particular, there is a trend for all home report valuations to be quite a bit below the actual sale price of many properties – the figure often cited is ten percent below – meaning that buyers can only borrow up to the valuation and have to provide any additional offer in cash.”

“There must be a middle way which would allow many more buyers to get the home they want without stretching themselves beyond their limits whilst also ensuring that demand in the market remains buoyant during a period when there is a widespread expectation of reduced demand.”

Read what David has to say in full here.