Category Archives: House Prices

Scottish property market reaches 7 year high

Latest figures released by ESPC reveal that across Edinburgh, the Lothians and Fife, housing market activity has reached its highest level since 2007.

Between August and October the leading property marketing company in East Central Scotland observed a 13% rise in the number of homes sold. Seller activity also improved with the number of homes coming onto the market increasing by just over 10% annually. Continue reading

House price growth continues to slow

House price momentum in the UK continued to slow and new buyer demand tailed off in October, according to the latest RICS Residential Market Survey.

Nationally, new buyer demand slipped for the fourth consecutive month with London bearing the brunt of the decline, as 62% more surveyors reported a fall in new buyer demand across the capital. Meanwhile across the rest of the UK dipped to a net balance of -18%. Continue reading

Homeownership is becoming an ‘exclusive members club’

Only the wealthiest of the next generation will be able to buy a home if current trends continue, warns the National Housing Federation, as a new report shows that first-time buyers now have to pay, in real terms, ten times the deposit needed in the early 1980s.

The Broken Market, Broken Dreams report reveals that first-time buyers today have to earn more, borrow more, stump up a larger deposit and rely more on family wealth than even a generation ago. Continue reading

First time buyers helped by parents with £23k each

UK parents give an average of £23,000 when helping their children with a deposit to get onto the property ladder, according to research from Shelter.

Highlighting the increasing strain on the Bank of Mum and Dad, the same poll also found that a fifth of parents helping their children onto the housing ladder had done so using savings set aside for retirement or elderly care. Continue reading

Halifax: House prices rise by 3 per cent

House prices in the latest three months (June-August 2014) were 3.0% higher than in the previous three months (March-May 2014); down from 3.5% last month according to the latest Halifax House Price Index August 2014.

Prices in the three months to August were 9.7% higher than in the same three months a year earlier. This was lower than the annual rate of 10.2% in July. Continue reading

Scottish house sales improve despite market slow down

Activity in the East Central Scotland property market has continued to improve, according to the latest figures from ESPC’s House Price Report, despite an ease in growth over the summer months.

Between June and August this year, the number of homes sold across Edinburgh, the Lothians and Fife rose by 13% annually. However, in Spring of this year, annual growth in sales was standing at over 30%. Continue reading

Parents in fear children won’t afford homes

New research reveals that parents’ hopes for their sons and daughters’ futures are being clouded by fears they will never afford their own home, and a belief the main political parties aren’t doing enough to deal with the housing crisis.

As mums and dads wave their children off for the first day of term, new research reveals that parents’ hopes for their sons and daughters’ futures are being clouded by fears they will never afford their own home, and a belief the main political parties aren’t doing enough to deal with the housing crisis. Continue reading