Flat Prices Rise Sharply
The average price of a flat has risen sharply over the past decade, outperforming other types of properties, according to a recent report from Halifax. Over the past ten years, flat prices have increased by 32% on average, while the price of other residential properties has only grown by 15%. The lowest growth has been […]
Rent in Scotland Rising Above the Rest of UK
Between June and July this year, property rental prices rose by 10 per cent in Scotland, marking a considerable jump when compared to the 4.4 per cent rise in the UK in the same period last year. The figures, according to the July 2014 HomeLet Rental Index – the biggest monthly survey of private tenants […]
Reminder to Landlords of Obligations to Tenants
Recent research from the National Landlords Association (NLA) shows that a quarter of landlords have been letting properties for less than five years. With so many new landlords entering the market, the NLA is urging property owners to take proactive steps to understand and meet their legal responsibilities to tenants. If you are a landlord […]
Sharp Rise in Scottish First-time Buyer Numbers
The number of mortgage loans to first-time buyers in Scotland reached 7,500 in the second quarter of 2014, according to recent figures from the Council of Mortgage Lenders (CML). This is an increase of 29% over the previous quarter, and up 23% on Q2 2013. In total, Scottish first-time buyers borrowed £790 million over the […]
Confidence High in Scottish Property Market
People in Scotland are more confident about buying property compared to people in rest of the UK, despite the prospect of interest rates rising. These were the findings of the latest Halifax Quarterly Housing Market Confidence Tracker Report – the information for which was collected by surveying almost 2,000 people across the United Kingdom. The […]
First-time Buyer Numbers Continue to Rise
The number of first-time buyers in the UK has continued to rise, and in the first six months of 2014 they reached their highest level since 2007, according to the Halifax. The company’s bi-annual First-Time Buyer Review revealed there were an estimated 144,5001 first- time buyers in the first six months of 2014, an increase […]
10-Year Property Market Report Published
A report providing a 10-year overview of the Scottish property market has been published by Registers of Scotland (RoS). With the last of Scotland’s 33 registration counties having switched from the deeds-based General Register of Sasines to the map-based Land Register in April 2013, RoS has now been able to review the market trends over […]
Report Tracks House Price Changes
The Office for National Statistics (ONS) has recently published its House Price Index for March 2014, which gives an interesting insight into developments in house prices in all four UK countries, including average prices paid by existing home owners and first-time buyers. The Index shows that in the year to March 2014, UK house prices […]
Registers of Scotland Report Shows Property Sales Increase
The latest Quarterly House Price Statistical Report, from the Registers of Scotland (ROS) shows encouraging signs for Scotland’s residential property market. The Report finds that between January and March 2014 the total volume of residential property sales across Scotland rose from 14,507 to 17,828. This is an increase of 22.9% from the same quarter last […]
Are rental rungs replacing the ‘property ladder’?
A recent report from Halifax has revealed a change in attitudes towards renting. In 2011, the first Halifax Generation Rent Report described a generation who wanted to buy but couldn’t afford to or didn’t dare try for fear of rejection. Three years and 32,000 survey respondents later, the opinions of 20-45 year olds are changing, […]
