Housing Market Confidence Slow to Recover
Housing Market Confidence Slow to Recover Consumer confidence in the UK housing market has yet to fully bounce back following June’s General Election, according to new research from the Building Societies Association (BSA). The study found that 27% of respondents do not believe now is a good time to buy a property, compared to just […]
Mortgage Lending Increases in Scotland
Recently published data from UK Finance has revealed that Scottish home buyers borrowed £2.5bn in the second quarter of this year, which is an increase of 35% quarter-on-quarter and 18% year-on-year. The data also showed that: First-time buyers borrowed £1.1bn, up 29% on the first quarter and 17% on the second quarter last year. This […]
Moving Up the Property Ladder
It is harder to take the second step on the property ladder than it is to get on the ladder in the first place, according to a recent report. The study, which looked at homeowners looking to sell their first home and buy their second, was conducted by Lloyds Bank. Obstacles for Second Steppers It […]
Report Gives Insight into Scottish Housing Market
The average price of a property in Scotland in June 2017 was £144,253, according to the latest UK House Price Index. This is an increase of 2.9% compared to June the previous year and an increase of 0.1% over the previous month. UK Figures Across the UK as a whole, house prices in June increased […]
Proximity to Premiership Grounds Can Impact House Prices
New research from Halifax has looked at the impact that proximity to the grounds of a Premiership football team can have on house prices. The research looked at house prices of properties near the grounds of all 49 football clubs that have played in the Premier League since 1992, to see which area had hit […]
Consumer Confidence Falls, but House Prices Rise
There has a been a slight deterioration of consumer confidence in the housing market, caused by short-term uncertainty from the General Election result, according to the Building Societies Association (BSA). Younger Generation are the Least Confident About the Property Market The BSA’s Property Tracker found that just 21% of consumers believe that now is a […]
Reports Give Insight into Housing Market Activity
A new report from Registers of Scotland (RoS) has revealed that the total value of the residential sales market in Scotland from 2007-08 to 2016-17 reached over £143.4 billion. The data is contained in the fifth annual edition of RoS’ 10-year property market report, which looks at trends in the land and property market over […]
Aberdeenshire Sees Biggest Rise in Seaside House Prices
The town of Fraserburgh in Aberdeenshire has seen average house prices rise by more than any other seaside town in Scotland over the past ten years, according to new research from Bank of Scotland. In the past decade, the average house price in Fraserburgh has grown by 95%, from £70,255 to £136,889 – significantly exceeding the […]
House Price Index Reveals Annual Price Rise
UK house prices rose by an average of 4.1% on an annual basis, taking the average property value to £215,847, according to March’s edition of the UK House Price Index (UK HPI). On a monthly basis, house prices have fallen by 0.6% across the UK since February 2017. Country Breakdown In England, the March data […]
First-Time Buyers Struggle to Raise Deposits
A record number of first-time buyers are now relying on financial help from family members in order to get a foot on the property ladder, according to new research from the Social Mobility Commission. The ‘bank of mum and dad’ is often the lender of choice for many would-be home owners. According to the research, over a […]
