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 […]
Homes in Edinburgh in Greatest Demand
New research has revealed that properties listed for sale in Edinburgh receive 145% more interest from prospective buyers than the average property listing in Britain. The analysis, which was conducted by Zoopla, used the volume of email enquiries sent by house hunters to estate agents listing homes for sale on the website over the past […]
Election Uncertainty Impacts on Housing Market
The snap General Election appears to have exacerbated a slowing down of the housing market, as buyers and sellers adopt a ‘wait and see’ approach. This is the finding of a new survey by RICS, which revealed that in May 25% more respondents cited a decline in fresh listings (compared to those reporting a rise), […]
First-Time Buyers Struggle to Raise Deposits
A record number of first-time buyers are now relying on financial help from family members in order to get a foot on the property ladder, according to new research from the Social Mobility Commission. The ‘bank of mum and dad’ is often the lender of choice for many would-be home owners. According to the research, […]
Land and Buildings Transaction Tax “operationally successful”
A recent report by the Scottish Parliament’s Finance and Constitution Committee has concluded that the country’s transition to the new Land & Buildings Transaction Tax (LBTT) was ‘operationally successful’. However, the report goes on to say that it is too early to draw any definitive conclusions on the impact of LBTT rates and bands after […]
House Price Index Reveals Annual Price Rise
House prices across the UK increased by 7.7% on average on an annual basis in September, taking the average property value to £217,888. On a monthly basis, average prices rose by 0.2% compared to August. UK Position These headline figures were published in the latest UK House Price Index, which also revealed a geographical breakdown […]
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 […]
Scotland’s Most Affordable Commuter Towns
Motherwell, Greenock and Arbroath are Scotland’s most affordable commuter towns, according to new research by Bank of Scotland. The study examined house prices from towns within an hour’s commute of Aberdeen, Edinburgh and Glasgow, and measured them against average earnings, both locally and in relation to the nearest city. In Edinburgh the average house price […]
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 […]