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Housing market continues to thrive following lockdown

29 July 2020

Propertymark's June Housing Market Report shows that one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home, which is the highest recorded since February 2016 where 11 per cent sold for more. Read More...

Guidance released for re-opening of housing market in Wales

28 July 2020

Today, 28 July, the Welsh Government has released guidance for the property sector and has updated its amendments to the Health Protection (Coronavirus Restrictions) (Wales) Regulations in light of the re-opening of the housing market from 27 July. Read More...

HM Land Registry to accept electronic signatures

27 July 2020

Today, Monday 27 July, the transfers of ownership of property, leases, mortgages, and other property dealings can now be signed electronically, making it simpler and faster for people to move home. Read More...

Scotland house prices end the year over 2 per cent higher

Wednesday 19 February 2020

The most recent report from the Registers of Scotland has revealed the average house price for a property in Scotland during December 2019 was £151,603, an annual price increase of 2.2 per cent.

The positive figures are not reflected throughout the whole country as prices increased in only 25 out of Scotland’s 32 local authority areas. Aberdeen recording the biggest decrease of 3.4 per cent to £146,910 contrasted with properties in Inverclyde which increased over the year by 10.1 per cent to £102,979.

There is also a marked difference in the average house price geographically. The City of Edinburgh retains the highest average property price at £269,603 which is a 2.8 per cent increase on the same period in 2018, compared to £104,211 in North Ayrshire.

With the average price paid by a first-time buyer being £122,364, many first-time buyers looking to get on the property ladder will have to look further afield than the City of Edinburgh to find that dream home.

Estate agents will be encouraged to see there has been an increase in the volume of sales which has continued throughout the country, with 9,250 recorded for the month compared to 9,127 for the same period in 2018. 

Quote mark

It is great to have evidence of the rise in prices which should encourage more vendors to the market. More properties coming to the market, particularly at the higher end, will give those first and second steppers, who are perhaps concerned about finding a suitable property more of a choice and will then be inspired to put their own on the market.

Daryl McIntosh, NAEA Propertymark Strategic Development Manager for Scotland and Northern Ireland

Full details of the report can be found below.

Full report