Are House Movers Superstitious?
October brought the second Friday the 13th of this year, and to mark the occasion Registers of Scotland (RoS) carried out some research to see whether the date affects people’s property buying habits at all. The results of the analysis suggested a degree of superstition amongst home buyers, with only 524 properties changing hands on […]
House Prices Rise but Activity Remains Subdued
The latest UK House Price Index has revealed that average house prices in the UK increased by 5.0% in the year to August 2017 (up from 4.5% in July 2017). According to the Office for National Statistics, which published the Index, the annual growth rate has slowed since mid-2016 but has remained broadly under 5% […]
House Price Index Reveals Annual Price Rise
UK house prices rose by an average of 4.1% on an annual basis, taking the average property value to £215,847, according to March’s edition of the UK House Price Index (UK HPI). On a monthly basis, house prices have fallen by 0.6% across the UK since February 2017. Country Breakdown In England, the March data […]
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, […]
House Prices Predicted to Rise in 2017
RICS recently published its housing forecast for 2017, which predicts an average increase of 3% in house prices in the UK over the course of the year. According to RICS, the supply of new houses onto the property market, or lack of it, is at the forefront of the analysis and dominates the residential market. […]
Location Adds Premium to House Prices
Location is one of the most important considerations for home buyers when it comes to deciding on a new house, and many purchasers are prepared to pay a premium to secure their ideal setting. Rural Premium The Scottish countryside is one such location that carries a property premium, with recent Bank of Scotland research revealing […]
Confidence Returns to the Property Market
Confidence is returning to the UK housing market after a slight dip in the run-up to the EU Referendum, the latest Property Tracker by the Building Societies Association (BSA) has found. The Tracker found that a greater proportion of people (12%) are more likely to purchase property now than they were at the beginning of […]
House Price Growth Remains Robust
The latest House Price Index from Halifax has revealed a 1.6% increase in house prices in the three months to July, compared to the previous three months. This exceeds the 1.1% increase seen in June, and is similar to the rates recorded in April and May (both 1.5%). The analysis also shows that prices in […]