Living by the sea is an ambition for many, and new research by Bank of Scotland has revealed that it may not be as unaffordable as some might think. 

Living near a local supermarket can push up your property’s value by £21,500 compared to homes in nearby areas without a supermarket chain. 

The total value of the residential sales market in Scotland from 2007-08 to 2017-18 was £161.3 billion, according to the latest Property Market Report from Registers of Scotland. 

Average house prices  across the UK fell by 0.2% in March compared to the previous month, according to the latest House Price Index. On an annual basis however, average prices have risen by 4.2%, taking the average value of a property in the UK to £224,144. 

Finance and banking trade association, UK Finance, recently published figures giving an update on levels of activity within the mortgage market in the UK.