BILLY Connolly has sold his Scottish mansion and estate for almost £3 million. The comedian and his wife, Pamela Stephenson, have parted with Candacraig House, the baronial home in Aberdeenshire they bought in 1998. Connolly, commonly known as the Big Yin, used the property as a Highland retreat and often hosted famous guests there including [...]
Government mortgage schemes in Scotland are hitting their targets by helping first-time buyers rather than fuelling price hotspots, the industry said this week. First-time buyers took out 5900 new loans in Scotland in the first quarter of 2014, up 31% on a year ago, and 45% higher in value, according to the Council of Mortgage [...]
Less than half of areas saw house prices rise in May, as further signs emerged that tougher new mortgage rules are putting the squeeze on borrowers and cooling the housing market. House prices continued to rise across the UK in May but there has been a slight slowdown in the rate of inflation compared to [...]
Some 7,313 homes have been sold so far under the Help to Buy mortgage guarantee scheme, the Treasury says. The figures are the first comprehensive measure of the scheme since it was launched late last year. The numbers from the Treasury also show that 80% of the properties sold went to first-time buyers. The majority [...]
UK mortgage approvals declined for the third straight month in April to an eight-month low, as lending for property purchases moderated, data from the British Bankers Association showed Tuesday. Mortgage approvals for house purchases fell to 42,173 in April from 45,045 in March. Approvals were below the expected level of 45,100. The latest figure was [...]
Identity fraud has started to hit property owners, with properties being sold to unsuspecting buyers and without the real owners knowing about it. The Daily News in Durban has identified eight instances where properties have been sold, and in some the transfer had gone through the Deeds Office, without the knowledge of the true landowners. [...]
House sales were the strongest since the same period in 2007 Northern Ireland house prices are rising, according to new figures covering the first months of 2014. The Residential Property Price Index records growth of 7% on this time last year. For the time of year, sales - at 4,200 - were their strongest since [...]
"One of the things we hear all the time is, 'I'm afraid to sell my house because I can't find another one," said Glenn Kelman, CEO of real estate brokerage firm Redfin. And the competition for the homes that are available is so intense that buyers need to bring plenty of cash to the table. [...]
There was a sixth consecutive quarter of growth in the volume of house sales, according to a new housing monitor. The Irish Banking Federation says the report points to a continued stabilisation in prices. The report draws on published data on the residential housing market to provide a composite analysis on where the market may [...]
The recovery of the property market has spread outside of Dublin, with sales rising in 25 of the 26 counties last year, according to a new study from property website MyHome.ie. The study finds that there were 29,772 property sales recorded in 2013, up 18pc from 25,142 in 2012. There was also an increase in [...]