A recent report by the Scottish Parliament’s Finance and Constitution Committee has concluded that the country’s transition to the new Land & Buildings Transaction Tax (LBTT) was ‘operationally successful’.

There was a rise in the average price of a property in Scotland in October 2016, taking the average price to £143,131, the latest UK House Price Index (UK HPI) has revealed. This is an increase of 4% over the previous year, and an increase of 1% compared to September 2016.

The number of mortgages granted to first-time buyers in the third quarter of this year is at its highest level since 2007, according to new figures from the Council of Mortgage Lenders (CML). 

Location is one of the most important considerations for home buyers when it comes to deciding on a new house, and many purchasers are prepared to pay a premium to secure their ideal setting.

House prices across the UK increased by 7.7% on average on an annual basis in September, taking the average property value to £217,888. On a monthly basis, average prices rose by 0.2% compared to August.