Scottish house prices still buoyant.
April 29th, 2008 by 
Guy
The Scottish housing market is still buoyant compared to the rest of the UK, recording house price growth of 13% and above.
However, although house prices increased, sales fell by at least 16%, with further reductions expected this year in response to the recent global credit crunch, experts blamed the falling sales volumes on the weaker market conditions in the last quarter of the year as well as a weakening supply in the newbuild sector.
Scotland’s housing market is remarkably robust in the face of the spiralling market conditions affecting the rest of UK at present. Against this background our prediction is that house price inflation in Scotland will average just over 1% this year and will outperform the rest of the UK.
Our experts also predict that Properties in the £140,000-£180,000 price bracket are likely to perform very well.
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