An increasing number of first-time sellers think it will be harder to sell their home this year, partly due to concerns over the economy, new research from Lloyds Bank has found.
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Macnairs + Wilson Solicitors Blog & News
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Mortgage affordability in quarter four (Q4) of 2016 for both first time buyers and home movers was lower in Scotland than the rest of the UK, according to new research by Bank of Scotland.
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The start of 2017 has seen ‘broadly stable’ annual house price growth amounting to 4.3%, according to Nationwide’s House Price Index for January. This is only slightly below the annual growth rate of 4.5% recorded in December 2016. On a monthly basis, house prices rose by 0.2% in January, after seasonal factors were taken into account.
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There was a slight fall in the number of house sales in the UK in December 2016, according to the latest UK Residential Market Survey by RICS.
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RICS recently published its housing forecast for 2017, which predicts an average increase of 3% in house prices in the UK over the course of the year.
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