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% […]
Scotland’s Seaside Towns See Increased Property Prices
Some of Scotland’s seaside towns have seen property prices double since 2005, according to research from Bank of Scotland. Fraserburgh once again has experienced the biggest rise, with a 109% increase from an average price of £63,540 in 2005 to £132,920 in 2014. Lerwick (102%) and Peterhead (102%) have also doubled their house prices since […]
Optimism over Stamp Duty Reforms
There was a sluggish trend in new buyer demand and a tail-off in house price growth at the end of last year, according to the latest UK Residential Market Survey from RICS, however there is still an expectation that stamp duty reforms will support market activity. The survey found that the number of potential new […]
Owning a city home is more affordable
The dream of home ownership has become more attainable for city dwellers, according to the Lloyds Bank Affordable Cities Review. This has revealed that home affordability has improved in the majority of UK cities over the past five years. The average price for a city home in the UK now stands at £184,215 – 5.8 […]
First time buyers are aiming high
First time buyers have high expectations when it comes to the type of home they want to buy, according to new research from Clydesdale and Yorkshire Banks. The study found that as many as 32% of those surveyed want to start off on the property ladder with a three bedroom home, while the next popular […]
Sharp increase in first-time buyer lending
First-time buyers are continuing to help drive the property market, with recent data showing that mortgage lending to first-time buyers totalled £3.7 billion during December 2013. This is a 3% increase over November 2013 and an increase of 48% over the comparable figure for December 2012. The data, which has recently been released by the […]
