There has been a significant rise in the average price of flats in the UK over the last five years, with average prices rising from £157,061 in 2013 to £232,135 in 2018. This is equivalent to £1,252 per month, research by Halifax has revealed.
Confidence in the performance of the UK property market continues to be affected by concerns over the weak economic outlook and Brexit uncertainty, however people in Scotland are apparently a bit more optimistic about the future outlook than they were a year ago.
Scotland’s Help to Buy scheme, which assists people to buy a new-build home without needing to provide a large deposit, is to be extended beyond 2019, the Scottish Government has announced.
The latest House Price Index from Nationwide has revealed that annual UK house price growth slowed down in February this year, falling from 3.2% in January to 2.2%. Average house prices also fell by 0.3% over the month.