Tag: Scotland
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Scottish House Prices Reach New Highs
Scottish house prices have smashed records for the third month in a row, according to the latest data. The average price tag on a property north of the border has now climbed to £225,636! This latest rise represents a 2.5% jump compared to this time last year and a 0.3% rise from April. This means…
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House Prices Stall as Buyers and Sellers Play the Waiting Game – RICS
The property market is in a stalemate, with both buyers and sellers hesitant to make a move, according to a new report. The Royal Institution of Chartered Surveyors (RICS) monthly survey reveals that the number of house sales has fallen for the third month in a row. This is because there are fewer buyers looking…
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Rents Hit Record High, But Is This the Peak?
It’s official, rents across the UK have reached an all-time high, hitting a staggering £1,299 per month. While this might sound good for landlords, there’s a catch: the rate of increase is slowing down. The latest data from HomeLet shows that rent increases have slowed to a measly 0.2% in June. This means that while…
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UK House Price Indexes: Your Guide to Understanding What the Numbers REALLY Mean!
Trying to understand the housing market can feel like you’re lost in a jungle of confusing numbers. Every month, a bunch of different groups throw out house price figures, and it’s enough to make anyone’s head spin! But don’t worry, we’re here to guide you through the madness. Whether you’re buying, selling, or just curious…
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House Prices Remain Stable but Could Rise by Winter – Halifax
The UK housing market remains steady, with prices barely budging last month. According to the Halifax House Price Index, the average house price in June was £288,455, only a tiny drop of £476 from May. This means prices have stayed pretty much the same for three months in a row. While some might see this…
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Aberdeen’s Commercial Property Market Rises
Aberdeen’s commercial property market is on fire, with investment reaching a six-year high in the first half of 2024. According to the independent consultants at Knight Frank, a whopping £181 million was invested in Aberdeen’s commercial property market between January and June. This is more than double the investment seen during the same period in…
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Seller Fatigue – How Does it Affect House Buyers and Sellers?
The property market has been sluggish lately, making it harder to sell homes. But don’t despair! Understanding “seller fatigue” could be the key to a successful sale. We’ve all heard stories about houses flying off the market, but the reality is a bit different now. Research shows it’s taking longer to sell properties, leaving some…
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Rent Prices Hit Record Highs – Rightmove
Data from Rightmove, the leading property website, shows that average advertised rents outside of London hit a record high of £1,316 per month in May. That’s a 7% increase compared to last year, easily outpacing inflation. In London, things are slightly different. While rents are still climbing (up 4% from last year), the rate of…
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Election Jitters Hit Scotland’s Commercial Property Market
It’s a well-known fact: uncertainty is bad for business. And right now, Scotland’s property market is feeling the jitters as the general election looms. New figures from property advisory firm Lismore Real Estate Advisors reveal that investment deals in Scotland’s commercial property market fell by 15% in the second quarter of this year. This means…
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Seaside House Prices Weather the Property Storm
Love a bracing walk on the beach? You’re not alone! Homes by the sea are as popular as ever, with prices surging ahead of the rest of the UK. New research shows that living by the seaside is as popular as ever, with house prices in coastal areas soaring despite the sluggish property market elsewhere…