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The Scottish property market continued its upward trend during May, June, and July 2021, as buyers flocked to secure homes across Edinburgh, Lothians, Fife, and the Borders, ESPC reports. The average selling price rose to £275,623 – up 7.6 per cent on the same period in 2020.

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The Bank of England (BoE) has forecast that annual inflation would likely surpass 3% for a "temporary period". Yesterday, the bank announced the revised forecast at its monthly Monetary Policy Committee meeting where it also decided to hold the UK base rate at 0.1%.

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