Glasgow Solicitors Blog from The GLP

Less than 0.5% of homes in Britain will be affected by the increase in the stamp duty rate for multi-million pound homes announced in the recent budget, according to research by Lloyds TSB.

The number of houses sold in Scotland increased during the last quarter of 2011, but there was a fall in the number of flats sold. The average price for domestic properties dropped by 0.5% according to official statistics released by Registers of Scotland.

The National Association of Estate Agents has issued a reminder that exemption from Stamp Duty Land Tax for first time buyers is due to come to an end on Saturday 24th March 2012.

The number of homes going on the market for sale in Scotland rose slightly in November despite the lead up to Christmas usually being a quiet time for the housing market.

Loans for both house purchase and remortgage fell slightly in September, according to new data released by the Council of Mortgage Lenders.

The Scottish housing market remained subdued during August, as economic uncertainty and lack of mortgage finance deterred potential buyers, according to the latest RICS UK Housing Market survey.

Overall lending for house purchase rose by both volume and value in July compared to the previous month, according to data released by the Council of Mortgage Lenders. The value increased from £6.9 billion to £7.3 billion and the volume from 47,800 to 48,800. Both were at their highest since last August, though lower than July 2010.

House purchase lending in Scotland rose by more than the UK as a whole in the second quarter of 2011, according to new data from the Council of Mortgage Lenders.

New figures released by the National Association of Estate Agents (NAEA) have shown that in June the number of people selling their homes reached its highest level in over two years.