‘Traditional’ Methods are Often the Best for Homebuyers
Despite the many different apps and websites that now exist to help homebuyers find their perfect property, many still find that the more ‘traditional’ methods are the best, according to new research from Which? Which? questioned 2,000 homebuyers about how they found their property. More than half (55%) said that they found it through a […]
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% […]
Increase in Asking Price Means it is “Perfect time to Sell” Property
Property prices across the UK have risen considerably with many experts stating that those considering selling a property should do so while demand is currently exceptionally high. New help-to-buy initiatives and aids for first-time buyers, as well as increased investment in property in the UK, is resulting in a boom with the asking price for […]
House Prices Continue to Climb
The UK has seen house prices rise for the third consecutive month, according to the latest Residential Market Survey from RICS. In October, 49% more chartered surveyors saw house prices rise across the UK, compared to 44% more in September. RICS believes that UK house prices will rise by 4.5% per annum over the next […]
Flats Experience the Biggest Price Rise
The average price of flats has risen by 60% over the past ten years, compared to an average rise of 38% for all other residential property types, new research has revealed. According to the research by Halifax, the average price of a flat in the UK has risen by £87,550 (£730 per month) over the […]
Scotland Needs Major Investment in Family Homes
Scotland’s largest cities need thousands of new family homes, according to a new Bank of Scotland report. The report revealed that more than three in five people in Scotland (62%) own their own home, with 29% owning the property outright while 33% have a mortgage. Over a third (36%) rent a home or live with […]
Widening Gap for Property Second Steppers
There is an ever widening gap for those making the move to the second step on the housing ladder as a result of growing house prices, a report by Lloyds Bank has found. However, despite this gap, many home owners report increased confidence in the housing market and more confidence in their ability to make […]
Flat Prices Rise Sharply
The average price of a flat has risen sharply over the past decade, outperforming other types of properties, according to a recent report from Halifax. Over the past ten years, flat prices have increased by 32% on average, while the price of other residential properties has only grown by 15%. The lowest growth has been […]
Sharp Rise in Scottish First-time Buyer Numbers
The number of mortgage loans to first-time buyers in Scotland reached 7,500 in the second quarter of 2014, according to recent figures from the Council of Mortgage Lenders (CML). This is an increase of 29% over the previous quarter, and up 23% on Q2 2013. In total, Scottish first-time buyers borrowed £790 million over the […]
First-time Buyer Numbers Continue to Rise
The number of first-time buyers in the UK has continued to rise, and in the first six months of 2014 they reached their highest level since 2007, according to the Halifax. The company’s bi-annual First-Time Buyer Review revealed there were an estimated 144,5001 first- time buyers in the first six months of 2014, an increase […]