Scots property prices at all-time high following stock shortage
Recent research from the Aberdein Considine’s Property Monitor report illustrates that the average price for Scottish properties sold for a record £169,450 during the second quarter of this year (April-June 2018), a 4.7% increase during the same time last year and a grand total of £175 higher than the previous record set in the third […]
Loan for self-build homes now available
The Scottish government have announced a new loan available for people who want to build their own homes. After a successful pilot run in the Highlands, the £4 million fund is now open for applications from eligible urban or rural self-builders who are unable to access a standard bank loan. In many parts of rural […]
Slowest growth in UK housing market in five years
UK house price growth in June slowed to the lowest rate since August 2013. According to the Office for National Statistics (ONS), this slowdown was mainly affected by the falling prices in London, where properties dropped from 0.7% to negative 0.2%. The report shows an average house price growth of 3%, down from 3.5% in May […]
New legislation aimed at preventing money laundering through UK property market
Criminals using the UK property market to launder money could face up to five years in prison under the newly proposed legislation. The bill, titled Registration of Overseas Entities Bill, proposes that foreign companies who own British real estate will have to reveal the names of the properties beneficial owners. These names will then be […]
Number of Rental Properties Available in Scotland Falls Again
A new survey of the residential property market has revealed that the number of rental properties in Scotland has fallen even further over the last three months. However, this decrease in supply has been coupled with an increase in demand, which is expected to lead to a sharp rise in costs for tenants. The recent […]
RoS Launches New Register for Community Body Applications
Registers of Scotland (RoS) has launched a new register that will record all applications of community bodies to buy land or property that is abandoned, neglected or causing harm to the environmental wellbeing of the community, where the owner is not willing to sell that land. The Register of Applications by Community Bodies to Buy […]
Scotland Offers Affordable Seaside Living
Living by the sea is an ambition for many, and new research by Bank of Scotland has revealed that it may not be as unaffordable as some might think. The research found that average property prices by the sea have increased by only £7,980 (6%) over the past five years, which is significantly lower than […]
Value of the Scottish Housing Market
The total value of the residential sales market in Scotland from 2007-08 to 2017-18 was £161.3 billion, according to the latest Property Market Report from Registers of Scotland. The newly published report details the trends in the Scottish land and property market from the pre-financial crisis period in 2007-08, through the subsequent economic downturn, to […]
Mortgage Lending Remains Relatively Subdued
Finance and banking trade association, UK Finance, recently published figures giving an update on levels of activity within the mortgage market in the UK. According to the figures, March 2018 saw a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the […]
Many ‘Empty Nesters’ Choose Not to Downsize
Around 43% of adults whose children have ‘flown the nest’ intend to remain in the family home rather than downsize, new research from Bank of Scotland has revealed. However, although most are enjoying the extra space and freedom, a quarter (25%) say that they don’t enjoy being an Empty Nester, with 16% saying that it’s […]
