Glasgow Solicitors Blog from The GLP

Both house purchase and remortgage lending fell in January, according to new data released from the Council of Mortgage Lenders.

With 26 towns in the UK – including Perth and Dumfries - applying for city status as part of this year's Diamond Jubilee celebrations, Bank of Scotland has looked back at how house prices in cities have performed over the past 25 years.

The Bank of Scotland has launched its annual ‘Second Stepper’ report which tracks the ongoing plight of first time sellers amid a challenging housing market in Scotland. The report reveals that home affordability for Second Steppers has become much less favourable and declining house prices have led to equity shortfalls for many.

Nearly three in ten of those living in Scotland think that house prices will rise rather than fall in 2012, according to the latest Bank of Scotland Housing Market Confidence tracker. Around 28% of those questioned forecast that house prices across Scotland will increase over the next twelve months, more than the 24% that predict a price decline over the same period.