Tag: Scotland
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Ayrshire House Prices Rise Above National Average
Good news for Ayrshire homeowners! House prices in the area have gone up by more than the rest of Scotland, new figures show. Could this be a sign of a property boom in the area? Across Scotland, the average house price in July was £225,113. That’s 1.9% higher than July last year. But in Ayrshire,…
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ONS House Prices – July 2024
Good news for sellers in Scotland as house prices rose, but the market cooled across the rest of the UK, with London seeing a slight dip, according to the latest data from the Office for National Statistics (ONS) The average UK house price in July 2024 was £290,000, a rise of £6,000 compared to July…
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ONS Price Index of Private Rents (PIPR) – August 2024
New figures from the ONS reveal that private rents in the UK have risen strongly again, let’s dive into the details: Record-Breaking Rent Increases The average UK private rent surged by a staggering 8.4% in the year leading up to August 2024. While this is slightly down from the 8.6% increase in July, it’s still…
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Overseas Investors Flock to Scottish Property Market Since Referendum
New research shows that international investors are pouring money into Scotland. The Scottish commercial property market has seen a major shift since the 2014 independence referendum, with overseas investors now the dominant force. This is a prime opportunity for UK developers to get in on the action. International Investors Take the Lead Research by Knight…
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Scottish Seaside Homes Selling Like Hotcakes!
Fancy living by the sea? You’re not the only one! Scottish seaside towns are booming, with houses in some areas now costing over £850,000! New research from Rettie shows that people are flocking to the coast, pushing up house prices. In fact, 13 of the top 20 most expensive places to buy a house in…
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Scotland’s House Prices Soar! Homes Jump £5,000 in Value
Thinking of buying or selling a property in Scotland? House prices have shot up by an average of £5,368 over the past year, leaving the rest of the UK trailing behind. That’s a solid 2.9% increase, according to the experts at DJ Alexander Ltd, one of Scotland’s biggest names in letting and estate agency. Scottish…
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House prices climb closer to record high – Halifax
UK house prices are on the rise again, creeping closer to the all-time highs we saw back in 2022. But what does this mean for those looking to buy or sell? The average UK house price in August reached £292,505, according to new figures from Halifax. That’s a jump of 0.3% from July and a…
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House Sales Taking 23% Longer and Costing More
Selling or buying a house? Get ready to wait! New data reveals that it now takes over a month longer to buy or sell a house compared to ten years ago. And to make matters worse, more sales are falling through, leaving frustrated buyers and sellers high and dry. Back in 2014, the average time…
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Landlords Are Going Block-Busting – Why Multi-Unit Freehold Blocks Are Hot Right Now
For landlords, there’s a new property type on the block – literally! Multi-Unit Freehold Blocks (MUFBs) are becoming a real hot ticket for investors looking to boost their returns. What’s the Deal with MUFBs? Simply put, a MUFB is a building with multiple apartments or flats, where the landlord owns the entire building – freehold…
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Island Life Calling? House Prices on Scottish Islands Soar
Thinking about swapping city life for stunning scenery and a slower pace? You’re not alone! Scottish islands are seeing a surge in popularity, sending house prices soaring. Since 2018, the average price for a home on one of Scotland’s beautiful islands has jumped by 30%, hitting £182,000, according to Registers of Scotland. That’s even faster…