Housing Market Confidence Slow to Recover
Consumer confidence in the housing market doesn’t appear to have fully recovered since June’s General Election, according to new research from the Building Societies Association (BSA). It found that over a quarter of respondents (27%) do not agree that now is a good time to buy a property compared to just 23% who do. Although […]
Study Reveals Growth in UK Property Market
There has been a rise in the average value of property in the UK during the first half of 2017, but this growth is considerably less than that experienced over the same period last year. According to property website Zoopla, the total value of the British property market has grown by 1.10% (or £88 […]
Consumer Confidence Falls, but House Prices Rise
There has a been a slight deterioration of consumer confidence in the housing market, caused by short-term uncertainty from the General Election result, according to the Building Societies Association (BSA). Younger Generation the Least Confident The BSA’s Property Tracker found that just 21% of consumers believe that now is a good time to buy, down […]
Changes in Property and Mortgage Market Trends
Economic, demographic and housing market trends are triggering a change in home ownership in the UK, and as a result mortgage borrowing in older age is likely to move from niche to mainstream within the next decade. This is the conclusion of a new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies […]
Proximity to a Farmers Market Can Boost House Prices
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. It appears that living in close proximity to a weekly supply of organic vegetables and artisan bread can come at a price, with properties near […]
Scottish Cities Become Less Affordable
Property in Scotland’s cities is becoming increasingly less affordable, according to the latest Bank of Scotland Affordable Cities review. Stirling is the Most Affordable City The review found that the average Scottish city house price has risen by almost 3%, from £181,061 in 2016 to £186,002 in 2017, a faster increase than the 1% for […]
House Price Index Reveals Annual Price Rise
The average price of a property in Scotland in November 2016 was £143,033, according to the latest UK House Price Index. This is an increase of 3.3% on the previous year and an increase of 1.5% when compared to the previous month. Across the whole of the UK, the average house price was £217,928 in […]
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% […]