August 14, 2008

Scottish Property Still Rising

Despite the trends in the property market at the moment, it seems that not all is bad within the property market; this is especially true when it comes to Scotland where prices are surprisingly holding on.

In fact to completely throw the current property trend right up in the air, according to some sources the actual property prices for the last quarter rose by 1.6%, this makes the average house price in Scotland £172,185!

More to the point, over the year property prices have risen by almost ten per cent and yet the amount of properties being bought or sold has fallen by 27% over the same period.

This just goes to show that an overall national average does not necessarily mean that this would apply to all areas of the country; it just depends on where people are willing to live and even if they can due to work and family commitments.

Source [Ayrshire Scotland Business News]