There has been a notable rise in the volume of people acquiring their homes outright with numbers of sales registered with a mortgage down by more than a third in a decade, according a fresh Scottish property report from the Registers of Scotland (RoS).
The findings reveal that there was a 36.9% fall in the number of sales being registered with a mortgage, as the average price of a home north of the border increased by 20% over the past 10 years taking the total value of the residential sales market to £148.2bn.
The hike in Scottish property prices meant that there was a 16.9% increase in the volume of residential properties sold for over £1m, according to the RoS Scotland property market report, which details the trends in the land and property market over the decade’s peak years.
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