17
Jul
Scottish property market remains resilient
Although house prices may be falling across much of the UK, the
Scottish property market remains strong, according to a new
survey.
Propertyfinder.com polled 3,500 consumers across Britain and found
that Scottish buyers and sellers were the most positive about house
values.
Overall, Scots expect prices to fall by three per cent over the
next year, compared to a predicted drop of five per cent for those
in the rest of the UK.
Estate agents were also more confident north of the border, with 59
per cent of those polled saying they did not expect the see the
same level of house price falls as the rest of the country.
Director of the website Nick Leeming said: "Scotland has proved
resilient in the face of the global credit crunch so far, with
house price growth slowing but not showing the same decline as the
rest of the UK."
Nationwide's data showed that property prices across Britain fell
by an average of 0.9 per cent last month, with Scotland
outperforming other areas.
