The average price of a property in Scotland in November 2016 was £143,033, according to the latest UK House Price Index. This is an increase of 3.3% on the previous year and an increase of 1.5% when compared to the previous month. Across the whole of the UK, the average house price was £217,928 in…
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…
New research from Bank of Scotland has revealed that Scottish parents are prepared to pay a premium of as much as £80,000 on average to live in the catchment area of a top performing state school. According to the research, the average cost of a house near one of Scotland’s Top 20 performing state schools…
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…
The Scottish Government has laid legislation in Parliament that will remove the automatic council tax discount for second homes. The change, which is due to take effect from April next year, will give councils the option of offering no discount for second homes, arming them with another lever to encourage better use of housing stock…
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…
An interesting piece of research released recently by Lloyds Bank has revealed that living close to a well-known supermarket chain can add as much as £22,000 on average to the value of your home. This price increase can apparently be even higher when the property is located near to a supermarket perceived to be a…
Activity in the Scottish housing market slowed during May, as a decline in new properties coming on to the market was accompanied by a drop in new buyer enquiries. This was the finding of the latest RICS UK Residential Market Survey, which revealed that a net balance of 13% more chartered surveyors reported a fall…
