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 […]
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 […]
Supply Constraints Drive Prices in Scotland
There has been steady growth in house sales and buyer enquiries in Scotland during March, and the number of properties coming onto the market continued to lag behind demand, pushing prices rapidly upwards. According to the latest RICS UK Residential Market Survey, the supply versus demand imbalance across Scotland led to 21% more surveyors reporting […]
Sharp Rise in Cash House Sales over £500,000
There has been a sharp rise in the number of cash sales of houses worth over half a million pounds, with numbers increasing by 19.6% in 2014 according to figures from Registers of Scotland (RoS). RoS defines a cash sale as an application for registration of a market value transfer of a residential property which […]
Optimism over Stamp Duty Reforms
There was a sluggish trend in new buyer demand and a tail-off in house price growth at the end of last year, according to the latest UK Residential Market Survey from RICS, however there is still an expectation that stamp duty reforms will support market activity. The survey found that the number of potential new […]