Mortgage Advice Column: Housing market has prospered says broker

dailyrecord.co.uk:

Hello and a very Happy New Year to everyone.2021 seemed to arrive and then be over in a flash, with Covid still hanging over us, it was really intriguing to see the property market continue to prosper and at times become extremely competitive, especially for first time buyers trying to get on the property ladder.The good news is expectations are it will calm down slightly, which should reduce the prices of properties therefore making it easier to secure your next, or first, dream home.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android The removal of Help to Buy and First Home Fund, as well as the Stamp Duty threshold returning to normal, will have an impact on this for 2022.We had so many clients ready to buy with Agreements in Principles in place but kept being outbid time after time during 2021, so hopefully this should become less of an occurrence in 2022.Looking at some of the figures from the Registers of Scotland website, there were nearly 107,000 properties sold in Scotland up to November 2021 – almost 12,500 of which were sold in South or North Lanarkshire, accounting for almost 12 per cent of transactions in the country.So the market is certainly still open for business in our local area and in fact showing excellent progress even during a global pandemic.The average house price in Scotland now sits at