Tracking UK House Price Changes
The Office for National Statistics has published the latest UK House Price Index (UK HPI), which reveals the most recent house price changes across the country. According to the Index, average house prices for the UK fell by 0.1% in February this year compared to the previous month. On an annual basis, average prices rose […]
Extension to Scotland’s Help to Buy Scheme
A scheme that helps people purchase a new-build home in Scotland without the need for a large deposit is to be extended beyond 2019. The Scottish Government has announced that from April 2019 a further £100 million will be invested over two years in the Help to Buy (Scotland) scheme, which is expected to help […]
Research Reveals Obstacles to Moving up the Property Ladder
Much has been written about the difficulties facing first time buyers as they strive to take the first step onto the property ladder, however new research has revealed that homeowners looking to move up to the second rung on the ladder are also experiencing problems. The research, by Nationwide Building Society, found that 86% of […]
Overseas Owners of Scottish Property
Registers of Scotland (RoS) has published an interesting report on properties owned or leased in Scotland by overseas companies and individuals. The first report of this kind by RoS provides details of any identifiable Land Register title, as at 31st December 2017, where the registered legal owner (or tenant under a long term commercial lease) […]
Research Reveals Buying is Cheaper than Renting
New research from Bank of Scotland has revealed that first-time buyers in Scotland save £31,000 on average when buying their own home instead of renting. According to the research, the average monthly costs associated with buying a three-bedroom house stood at £503 in December 2017 – £103 lower than what it typically costs to rent […]
Rise in First-Time Buyer Numbers
There was a sharp rise in the number of first-time buyers entering the market in 2017, despite having to put down a deposit that is more than double what was required ten years ago. The latest Halifax First-Time Buyer Review found that the number of first-time buyers rose by 6% in the last 12 months, […]
Britain’s Most Expensive Streets
New research by Bank of Scotland and Lloyds Bank has revealed where the most expensive streets in Britain are currently located. Scotland’s Most Expensive Streets In Scotland, the most expensive street is to be found in St Andrews. Golf Place has an average house price of £2,179,000. The street is located near the 18th hole […]
House Price Trends in 2018 Expected to be Similar to 2017
The latest House Price Index from Halifax has revealed that prices in the final quarter of 2017 (October – December) were 2.7% higher than in the same three months of the previous year. In addition, house prices in the quarter were 1.3% higher than in the previous quarter (July-September). However, on a monthly basis, prices […]
Value of Privately Owned Housing Stock Reaches New High
New research by Halifax has revealed that the total value of privately owned UK housing stock has surpassed £6 trillion for the first time. Since 2007, the total value of private residential property in the UK has grown by £1.94 trillion (or 48%) to an estimated £6.02 trillion. In the past year alone, the value […]
Increase in Scottish Property Sales Predicted
November’s edition of the UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) found that the UK housing market has remained flat at a headline level in the run up to Christmas. Information provided by the survey respondents has suggested that moving forward, activity will continue to be impacted by the continued […]
