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A new report from Registers of Scotland (RoS) has revealed that the total value of the residential sales market in Scotland from 2007-08 to 2016-17 reached over £143.4 billion.
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Anderson Bain News & Updates
Welcome to the Anderson Bain news section. Here we will post news, updates and commentary on the latest developments in conveyancing & property law.
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.
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Registers of Scotland (RoS) and the Council of Mortgage Lenders (CML) have both published figures revealing recent levels of activity in the housing market, both in Scotland and the UK as a whole.
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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 account.
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