Report Gives Insight into Scottish Housing Market
The average price of a property in Scotland in June 2017 was £144,253, according to the latest UK House Price Index. This is an increase of 2.9% compared to June the previous year and an increase of 0.1% over the previous month. UK Figures Across the UK as a whole, house prices in June increased […]
Housing Market Confidence Stabilises
New research from Halifax has revealed that confidence in the UK housing market has stabilised following a record decline. The Halifax Housing Market Confidence Tracker tracks House Price Optimism – consumer sentiment on whether house prices will be higher or lower in a year’s time. The latest findings have shown a small improvement (+2 points) […]
Scotland’s Mortgage Freedom Date
Bank of Scotland has calculated that by 14th March, new borrowers had earned enough to cover the annual cost of their mortgage repayments. Based on the average Scottish annual mortgage repayment cost of £5,134 and the average net annual income of £25,9253, this potential ‘Mortgage Freedom Day’ is only two days later than last year, […]
Scottish Housing Market Update
There was a rise in the average price of a property in Scotland in October 2016, taking the average price to £143,131, the latest UK House Price Index (UK HPI) has revealed. This is an increase of 4% over the previous year, and an increase of 1% compared to September 2016. Across the UK as a […]
Parents Pay Premium to Live in Best Catchment Areas
New research from Bank of Scotland has revealed that Scottish parents are prepared to pay a premium of as much as £80,000 on average to live in the catchment area of a top performing state school. According to the research, the average cost of a house near one of Scotland’s Top 20 performing state schools […]
House Prices Continue to Rise across the UK
The latest version of the UK House Price Index (UK HPI) has been published, which shows house price changes for England, Scotland, Wales and Northern Ireland in the month of July. Scottish Price Rises According to the UK HPI, house prices in Scotland increased by 3.4% on average over the previous year and by 1.3% […]
The End of Right to Buy in Scotland
On the 31st 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 – […]
Scottish House Prices Continue to Rise
The average Scottish house price reached £143,282 in June this year, which is 4.6% higher than the same month the previous year and 2.7% higher than May 2016, according to the latest UK House Price Index (UK HPI). Across the UK as a whole, the average property price was £213,927, which was an increase of […]