The latest quarterly report from the ASPC gives a reassuring picture of local market activity, with the house price index remaining, mostly, in the positive. The change in quarterly price is +1.5%, while the annual change is -0.5%. Taken over five years, the index is marginally positive at +0.4%. While the figures are reassuring, it may well be that our local market is yet to feel the strain of the general economic background and only time will tell whether this will be reflected in the remainder of 2023. Buyers’ wariness over the short term may well affect property sales as they effectively “sit tight” to see what happens with interest rates. This may result in a sluggish Autumn/Winter market as moving plans are put on hold, but for the moment, there is still healthy demand for properties in desirable locations and in good condition.Read More
Acting for vessel owners and operators, lenders, brokers and drilling contractors across the globe, Mackinnons commercial shipping law team offer an unrivalled level of experience and knowledge in this complex and demanding area of law.
With clients ranging from small fishing vessel owners to multinational corporations boasting a fleet of offshore support vessels, we can provide the advice and support you require, whether you are contracting for the construction of a new vessel, refinancing your assets or instructing repair or modification.
We also have vast experience in the more general aspects of commercial law in the shipping, fishing and offshore industries, including the negotiation and interpretation of charter parties.