The average price of a property in Scotland in February 2017 was £138,821, according to the latest UK House Price Index (UK HPI). This is an increase of 3.1% compared to February last year but a decrease of 0.6% compared to January 2017.
One possible area of concern for people buying a new house is whether they will get on with their new neighbours.
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.
Bank of Scotland has calculated that by 14th March, new borrowers had earned enough to cover the annual cost of their mortgage repayments.
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.
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