Category: Property Market News

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…

Property Market Highlights Average house prices in Scotland hit £187,000 with certain areas still providing strong growth  Certain areas still buoyant despite economic landscape, including, Dunfermline, Leith and Musselburgh Despite certain headwinds property prices remain strong with 80.7% of properties achieving 103.6% of their valued worth Properties Across Central Belt & Borders Rose 2.2%, Hitting…

Property Market Highlights 2022 closed with average Scottish house prices hitting £242,213 – an increase of more than £23,000 year-on-year. October to December 2022 saw the average price of properties across Edinburgh, the Lothians, Fife and the Borders rise to £291,023, an increase of 6.8% year-on-year. Sales volumes dropped by 13.7% and new properties coming…