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 […]
Proximity to a Farmers Market Can Boost House Prices
New research by Zoopla has found that properties located close to a popular farmers market could be worth up to 26% more than the average home in the same county. It appears that living in close proximity to a weekly supply of organic vegetables and artisan bread can come at a price, with properties near […]
Government Urged to Act on Retirement Housing
Two separate organisations representing the interests of older people have called for a “revolution” in housing provision to better meet the housing needs of people in retirement. Stamp Duty Exemption Saga, which provides services for the over-50s, has called on the Chancellor to introduce a Stamp Duty exemption for those downsizing in retirement. According to […]
Housing Market Needs More Houses
The UK Government recently published a White Paper on the housing market in England, describing it as “broken”. According to the White Paper, the reason for this is very simple – not enough homes are being built, now and in the past, and supply continues to lag significantly behind demand. Not Enough Houses Being Built […]
House Price Growth Steady at Start of Year
The start of 2017 has seen ‘broadly stable’ annual house price growth amounting to 4.3%, according to Nationwide’s House Price Index for January. This is only slightly below the annual growth rate of 4.5% recorded in December 2016. On a monthly basis, house prices rose by 0.2% in January, after seasonal factors were taken into […]
Rise in Number of First-Time Buyers
The number of first-time buyers in the UK rose by 7.3% in 2016, from 312,900 in 2015 to an estimated 335,750, according to the latest Halifax First-Time Buyer Review. This is apparently the highest level since the start of the financial crisis in 2007 (359,900). First-Time Buyers Integral to the Housing Market Halifax highlights that […]
Scottish Housing Market Update
There was a rise in the average price of a property in Scotland in October 2016, taking the average price to £143,131, the latest UK House Price Index (UK HPI) has revealed. This is an increase of 4% over the previous year, and an increase of 1% compared to September 2016. Across the UK as […]
Rise in Number of First-Time Buyers
The number of mortgages granted to first-time buyers in the third quarter of this year is at its highest level since 2007, according to new figures from the Council of Mortgage Lenders (CML). In total, first-time buyers borrowed £940 million, up 3% on the second quarter and 6% on the third quarter last year. This […]
