Outperforming England and Wales, the average house price in Scotland for the year to end January 2019 was £184,324; an increase of 3.2 per cent, or £5,675, according to the latest data by Your Move.
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Macnairs + Wilson Solicitors Blog & News
The latest legal news, blogs and announcements from Macnairs + Wilson.
A study from Barclays Mortgages discovered that 93 per cent of parents who lived in Scotland’s capital were happy in their current property, the highest percentage across the entire UK.
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Would-be first-time buyers in Scotland and the East Midlands are more likely to get on the housing ladder alone than those across the rest of the UK, new research has found.
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In amongst all the chaos down in Westminster, Scotland has had a couple of pieces of good national news. Firstly, while the unemployment rate may have risen across the UK, it has hit a record-breaking low of 3.7% in Scotland. Secondly, official figures released show a 21% year on year rise in the number of affordable homes built in Scotland, with 18,182 homes completed between June 2017 and 2018 alone. Couple that with the news that outside London monthly mortgage payments are cheaper than paying rent on the same property, it seems like now is a good time to review some of the legal questions you should be asking when buying a house.
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Recent research from Post Office Money and property-tech provider, Gazeal, revealed that the fastest-selling properties in the UK are located in Edinburgh and Glasgow. According to the report, Edinburgh tops the board with properties spending just 39 days on the market. Glasgow was not far behind, moving property from ‘for sale’ to ‘sold’ in an average of 48 days.
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