Category: Property Market News

Property Market Highlights Average Annual Property Prices Rose 0.3% Across Key Scottish Markets In the ever-changing landscape of Scottish real estate, the first quarter of 2024 showcased the market’s resilience and stability. The latest figures from ESPC report that average property prices held steady across Edinburgh, the Lothians, Fife and the Borders between January and…

Property Market Highlights Scottish Property Sales Volumes Rose by 2.8% Year-on-Year Despite November to January typically being a quieter period for the residential property market, property sales volumes across East Central Scotland saw a gentle but encouraging uptick of 2.8% year-on-year, according to the latest data from ESPC. This indicates growing interest among buyers compared…

Looking Back: Property Market Trends of 2023 UK House Prices Stayed Strong Despite Economic Uncertainty In their 2023 end-of-year review, Halifax highlights the resilience of UK property prices, which proved more robust than initially anticipated, experiencing only a marginal 1% decrease to an average of £283,615. Despite this positive outcome, Kim Kinnaird, Director at Halifax…

Property Market Highlights Property Prices & Sales Fall at Slower Rate in Scotland Compared to Rest of UK The rate at which average UK house prices and sales are falling has eased in the past month, according to Scottish Building News, which reveals that surveyors are more optimistic about the short- and long-term future of…

Property Market Highlights Scottish Property Market Proving More Resilient than Other UK Nations Data published by the Halifax House Price Index indicates the Scottish property market is holding its own amid the economic uncertainty of the last 12 months, faring comparatively better than other UK nations and coming second only to Northern Ireland. Reporting on…

Property Market Highlights Average House Prices in Scotland Fall for First Time in Three Years It’s hard to believe that it is almost a year since the UK Government’s ill-fated “Mini Budget” that caused huge ripples in the mortgage market and a significant spike in the cost of borrowing for most house buyers. Since then,…

Property Market Highlights Marginal Average House Price Increase Across Scotland’s Key Local Markets The latest market report from ESPC announced a modest property price increase across Scotland’s key local areas between May and July 2023. Edinburgh, the Lothians, Fife, and the Borders enjoyed a 0.4% boost, bringing the average property price to £287,820. This suggests…

Property Market Highlights Registers of Scotland Property Market Report 2023 Released The Registers of Scotland’s 2023 Property Market Report, released late last month, revealed several fascinating insights. Here, we’ll highlight some of the most interesting findings from the report. Average Scottish House Prices Hit £216,337 Between 2022-2023, Up 7.1% From 2021-2022 According to the latest…

Property Market Highlights Mortgage Rates Fall & Mortgage Availability improving This March saw a welcome fall in mortgage rates, with some offering 4% on lower loan-to-value products. Moreover, typical costs for two- and five-year deal mortgages decreased, falling back to match the rates shown in October 2022 despite The Bank of England raising the Bank…