Residential Property News for Scotland
- Update on new Kirkliston development
- Published, October 2007
- As part of the ongoing Smiddy development, the neighbouring stone cottage is being transformed into a fabulous 3 bedroom detached home. Click here for details on the Kirkliston conversion.
Contact our Sales Adviser on 0131 319 1551 for further information.
- House prices in Scotland
- Published, October 2007
- The annual rate of house price inflation in Scotland is now 14.2%, above the UK average of 10.7%, according to the latest Quarterly Scottish House Price Index from Bank of Scotland. Prices in Scotland rose by 0.7% in Q3 2007.
Martin Ellis, Chief Group Economist for Bank of Scotland, commented:"House prices in Scotland are the still most affordable in the UK, despite an annual rise of 14.2%. The average price of a house in Scotland is currently £141,158, which is 29% less than the UK average of £198,898.
- The nation's ideal home is a new build, detached property located in the countryside.
- Published, August 2007
- Following an independent survey carried out on behalf of the Halifax, Phil Jenks, head of mortgages at Halifax, said:
"Although many of us live in towns or cities, there is no disputing that a house in the country is what the majority of us aspire to. The preference for new build detached properties shows that people want their home to be personal to them and that space and privacy is also important."
Key findings of the Halifax mortgages research are:
· People prefer detached houses - Half of people (50%) would prefer their ideal home to be a detached house.
· New builds are the most popular type of housing - Almost a quarter of respondents (22%) prefer new build properties.· The countryside is the nation's preferred location - When it comes to the location of their ideal home, almost one third (30%) of people would choose the countryside.
· Environmentally friendly features desirable – When considering their ideal home Brits don't just want their surroundings to be green, they are also thinking about the impact of their home on the environment. Almost two-thirds (63%) cited environmentally friendly features as desirable whilst over half (56%) cited energy and fuel saving measures.· The sitting room/ lounge and kitchen are the most important rooms in the ideal detached home – People in the ideal detached home would find the sitting room/ lounge (38%) and kitchen (37%) the most important room to them in terms of it being designed or decorated in a way they found appealing.
· Open plan living on the rise – People are spending more time in either lounge/diners or kitchen/diners than a kitchen or dining room which indicates a trend towards open plan living, especially when it comes to eating areas.
- Scotland's house prices on the rise again
- Published, May 2007
- The latest Lloyd's TSB Scotland house price monitor has shown an "unusual price spike" in Edinburgh, Aberdeen and Dundee across the past three months.
The average price for a domestic property in Scotland climbed by 6.8 per cent between February and April, while it rose by 11.9 per cent year-by-year.
Lloyds TSB Scotland's chief economist Donald MacRae said that House prices continue to be driven up thanks to "a combination of favourable economic background and demand for houses exceeding the supply."
- Alliance Developments' new Kirkliston conversion
- Published, April 2007
- Plans are in place to convert an existing Smiddy in Kirkliston. The new dwelling will benefit from a modern interior to create a 3 bedroom detached home.
Contact our Sales Manager, Frances McKee on 0131 319 1551 for further details.
- UK House prices break the £100,000 barrier
- Published, Jan 2007
- House prices in every area of Britain have broken through the 100,000 pounds mark for the first time, according to the country's largest mortgage lender.
Halifax said the average property price in every county is now above that mark, compared to just a third five years ago.
However, more northerly areas are catching up in the house price stakes, according to the figures. Wales and Scotland top the table of property price growth over the past five years, being home to the 10 areas of most rapid growth.
