Raeside Chisholm Solicitors Blog

New research by Bank of Scotland has revealed that homeowners in Scotland pay a fifth (20%) of their disposable income towards their mortgage each month. This proportion has almost halved compared to 2007. 

The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) has revealed that housing market activity in Scotland was generally flat in February, as a shortage of properties becoming available for sale continued to result in an increasing number of potential new buyers being thwarted. 

The Scottish Government has launched a consultation on first-time buyer relief from Land and Buildings Transaction Tax (LBTT), which it previously announced in the draft Scottish Budget 2018/19. 

New research from Halifax has revealed the towns and cities in the UK that experienced the biggest increases in house prices in 2017, and also the biggest price falls. 

The average price of a property in Scotland in October 2017 was £143,544, the latest UK House Price Index (UK HPI) has revealed. This is an increase of 2.8% on October in the previous year but a fall of 0.7% when compared to the previous month.