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% […]
Proximity to Premiership Grounds Can Impact House Prices
New research from Halifax has looked at the impact that proximity to the grounds of a Premiership football team can have on house prices. The research looked at house prices of properties near the grounds of all 49 football clubs that have played in the Premier League since 1992, to see which area had hit […]
Property Prices Rise Faster than Salaries in SomeLocations
The popular commuter town of Luton has seen property price growth outpace rises in the average salary by 7.99% over the past year, according to new data from property website Zoopla. The average property price in the Bedfordshire town has grown by an impressive 5.06% (£12,499) since June 2016, in contrast to the average […]
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 Grows Among UK’s Second Steppers
A new survey by Clydesdale and Yorkshire Banks has found confidence is on an upward trend among the UK’s ‘second steppers’. The survey revealed that almost 40% of the country’s first-time homeowners are planning to take their second step on the property ladder, which is an increase of 14% compared to the same period last […]
House Price Index Reveals Steady Rise Across the UK
The latest UK House Price Index (UK HPI) has revealed an average annual property price increase of 8.4% in August, taking the average property value in the UK to £218,964. On a month by month basis, average house prices rose by 1.3% since July. Looking more closely at the position in Scotland, the figures show […]
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 […]