There has a been a slight deterioration of consumer confidence in the housing market, caused by short-term uncertainty from the General Election result, according to the Building Societies Association (BSA).

New research has revealed that properties listed for sale in Edinburgh receive 145% more interest from prospective buyers than the average property listing in Britain.

The snap General Election appears to have exacerbated a slowing down of the housing market, as buyers and sellers adopt a ‘wait and see’ approach.

A record number of first-time buyers are now relying on financial help from family members in order to get a foot on the property ladder, according to new research from the Social Mobility Commission. The ‘bank of mum and dad’ is often the lender of choice for many would-be home owners.

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’.