Location Adds Premium to House Prices

Location is one of the most important considerations for home buyers when it comes to deciding on a new house, and many purchasers are prepared to pay a premium to secure their ideal setting. Rural Premium The Scottish countryside is one such location that carries a property premium, with recent Bank of Scotland research revealing […]

Home Ownership Is Still an Aspiration for Many

Home Ownership Is Still an Aspiration for Many Despite changing housing markets and rising affordability challenges, owning a home remains the UK’s top housing aspiration — and not just for financial reasons. Recent research by the Council of Mortgage Lenders (CML) reveals that sentiment towards home ownership has remained remarkably stable over the last 30 […]

House Price Index Reveals Steady Rise Across the UK

The latest UK House Price Index (UK HPI) has revealed an average annual property price increase of 8.4% in August, taking the average property value in the UK to £218,964. On a month by month basis, average house prices rose by 1.3% since July. Looking more closely at the position in Scotland, the figures show […]

Scotland’s Most Affordable Commuter Towns

Motherwell, Greenock & Arbroath: Scotland’s Most Affordable Commuter Towns Motherwell, Greenock, and Arbroath have been named Scotland’s most affordable commuter towns, according to new research from the Bank of Scotland. The study compared average property prices in towns within an hour’s commute of Edinburgh, Glasgow, and Aberdeen, weighing them against average local earnings and the […]

Confidence Returns to the Property Market

Confidence is returning to the UK housing market after a slight dip in the run-up to the EU Referendum, the latest Property Tracker by the Building Societies Association (BSA) has found. The Tracker found that a greater proportion of people (12%) are more likely to purchase property now than they were at the beginning of […]

‘Traditional’ Methods are Often the Best for Homebuyers

Despite the many different apps and websites that now exist to help homebuyers find their perfect property, many still find that the more ‘traditional’ methods are the best, according to new research from Which? Which? questioned 2,000 homebuyers about how they found their property. More than half (55%) said that they found it through a […]

‘Project’ Properties Prove Popular with Homebuyers

According to recent research, over 70% of prospective homeowners in Britain would prefer to buy a property in need of work rather than a home that is already in move-in condition. Buying a ‘Project’ Property The research, by property website Zoopla, found that these homebuyers are prepared to spend an average of £16,765 to bring […]

Speculation over Impact of Brexit on Scottish Property Market

Solicitors Property Centres Scotland has recently published some initial thoughts on what impact the Brexit decision might have on the property market in Scotland. According to SPC Scotland, the Scottish property market is generally very resilient and to date there have apparently been no reports from solicitor estate agents about sales falling through because the […]

House Price Index Reveals Scottish House Price Rise

The latest House Price Index has revealed that the average property price in Scotland in May 2016 was £141,142. This was an increase of 4.0% on the previous year and an increase of 2.8% when compared to the previous month. In comparison, the UK house price average was £211,230, which was an increase of 8.1% […]

The End of Right to Buy in Scotland

On the 31st of July, the Right to Buy, which allows tenants in social housing to buy their homes, will come to an end in Scotland. Right to Buy The Right to Buy in Scotland was established by the Tenants’ Rights, Etc. (Scotland) Act 1980. Subsequent legislation, by the UK Parliament and – following devolution […]