Enquiries from prospective homebuyers and newly agreed home sales in Scotland have risen at their fastest rate in several years, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

Inverclyde has seen the biggest rise in cash property purchases anywhere in the UK in the space of a decade, according to new figures – with more than half of all properties for sale purchased outright last year.

Actions to help planning authorities will increase the speed of approvals, deliver more new homes and grow the number of planners.

The average UK house price reached a record high last month, according to Halifax.

Zoopla, the leading residential property software, data, and insight company has released its insights into the local residential market.

Home sales will "jump" at the beginning of next year as people try to buy before the rise in stamp duty, one of the UK's biggest lenders has predicted.

Rent increases in Scotland could be tied to inflation under fresh proposals put forward by the Scottish government.

Chancellor Rachel Reeves is expected to increase capital gains tax (CGT) on the sale of shares and other assets, but will leave the rate on second homes and buy-to-let properties unchanged

The average price of a property in Scotland has hit a record £200,000 in August 2024, a 5.4% year-on-year increase, according to the latest UK House Price Index data.

Landlords in the UK appear to be selling up in record numbers, according to property website Rightmove, possibly driven by fears of a rise in capital gains tax (CGT) in this month’s budget.

The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax.

Zoopla, the leading residential property software, data, and insight company has released its insights into the local residential market.

The governor of the Bank of England, Andrew Bailey, has said he expects interest rates to fall gradually but warned consumers not to expect a return to near-zero levels.

Inverclyde Council now has the power to add a 'tourist tax' to accommodation costs for people visiting the area - but it's yet to decide whether to use it.

Mortgage lenders' attempts to lure in first-time buyers have stepped up with the UK's biggest building society allowing some to borrow more.

Construction work on a major £22 million redevelopment of Greenock Town Centre is set to begin in early 2025.

The number of privately rented homes in Scotland has increased by almost 10% in a decade, according to the latest figures released from the 2022 census.

Property sales will pick up in the autumn owing to a change in the "mood music" in the housing market, surveyors say.

Lower mortgage costs and more interest rate cuts could fuel a rise in house prices for the rest of this year, the Halifax has said.

Bowman Rebecchi is delighted to share the latest residential property market statistics for Inverclyde for July 2024.