An interesting new piece of research by Lloyds Bank has revealed that first-time buyers in the UK are on average £865 (10%) a year better off with their own home compared to those who rent.
The Scottish Parliament has recently published new legislation that will introduce a supplement on purchases of additional residential properties in Scotland.
There has been a sharp fall in the number of divorces granted to wives during the early years of marriage, new research has found. According to pro-marriage think tank, Marriage Foundation, the number has fallen by as much as 50% since 1986.
The Scottish Government have announced further funding for the Open Market Equity Scheme in the hope that it will provide first-time buyers with more support when getting on the property market.
The number of people unemployed in Scotland has risen by 18,000 in the last three months according to official figures. Worryingly, this indicates that Scotland is bucking the UK trend with the number of unemployed falling throughout the country.
The pay level for the considered adequate standard of living is not being met by many employers outside of London with one in four jobs failing to pay the living wage. 23% of jobs outside of the nation’s capital failed to pay the living wage with 19% not paying the wage in the city.
Following the political change and taxation differences, the Scottish property market is seen by many as a recovering market, or one that is a potential risk. However, according to a new analysis report, the Scottish property market remains a solid opportunity for investment.