Tag: Scotland
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Scottish House Prices – Where’s Cheapest and Most Expensive?
Thinking of buying or selling a house in Scotland? The Registers of Scotland (ROS) has crunched the numbers, revealing the average house prices across the country. Cheapest Places to Buy in Scotland Looking for a bargain? Head to Inverclyde! It boasts the lowest average house price in Scotland at just £107,108. That’s a steal compared…
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Edinburgh’s Short Lets Crackdown – Is It Working?
Edinburgh’s controversial short-term let licensing scheme is facing a review this summer, and it could mean big changes for Airbnb hosts and short-let landlords. What’s Happening? The council is holding a public consultation on the current short-term let licensing scheme. This comes after a decision last year to review the policy after a year in…
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Sellers Rush to List Houses Before Election
Nervous sellers are rushing to list their homes before the upcoming general election, hoping to avoid a potential post-election lull and cash in on the current hot market. New data from Home Sale Pack reveals a 22.9% surge in new property listings across Britain in just the last two weeks compared to the start of…
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Mortgage Rate Cuts from Furness Building Society
Furness Building Society has announced cuts to its fixed-rate mortgages for both residential and buy-to-let properties. The biggest drops are on two and five-year fixed-rate deals: These deals are available for loans up to 80% of the property value. So, for example, if you’re buying a £200,000 home, you’ll need a deposit of at least…
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Mortgage Limits are Blocking First-Time Buyers, Warns Industry Body
Tough mortgage rules are stopping hopeful homeowners from getting on the property ladder, according to a new report. The Intermediary Mortgage Lenders Association (IMLA), a group representing mortgage lenders, is urging the government to take action. They say the current rules are outdated and are blocking aspiring homeowners, especially first-time buyers. What’s the problem? One…
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Estate Agent Fees Rise by 21% – Are You Overpaying to Sell Your Home?
Selling your home? Brace yourself! New research reveals estate agent fees have jumped by as much as 21% since 2019, adding thousands of pounds to the cost of moving. The analysis by Open Property Group highlights how much more expensive selling a property has become, despite a slight dip in average estate agent commission rates.…
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Two Average Salaries Needed to Buy Your First Home!
First-time buyers now need a £60,600 salary to get on the property ladder – that’s two average salaries! This shocking figure comes from a new report by property website Zoopla, which analysed average asking prices for first-time buyer homes across the UK. Five years ago, you could snag your first home with a household income…
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Property Ladder Feels Further Away as House Prices Climb Again
Good news for sellers, but first-time buyers face a tougher battle as house prices rise for the second month in a row. The dream of owning a home just got a little more distant for many, as house prices across the UK saw an 1.1% increase in the year to April. This means the average…
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ONS Price Index of Private Rents (PIPR) – May 2024
Rents are still rising across the UK, but there are signs that the pace of increases is slowing down, giving landlords and potential investors plenty to think about. The latest figures show that the average rent across the UK went up by 8.7% in the year to May 2024. This means that if you were…
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Edinburgh Tops Property Hotspots for Middle East Investors
Edinburgh has overtaken Manchester and Sheffield as the most sought-after location for Middle Eastern property investors, according to new data. New research from international property investment company IP Global reveals a surge in interest from Middle Eastern investors looking to buy in the Scottish capital. Inquiries from venture capitalists in the Middle East jumped from…