Monday, February 15, 2010
The latest Scottish House Price Monitor from Lloyds TSB suggested the average price of a house rose to £160,074 in the three months to 31 January 2010.
This represented an increase of 5.9% on the previous quarter.
But prices have fall by 6.8% in the past year, with the number of sales halving since the onset of recession.
Home prices also rose by 7.3% in Aberdeen and 8.4% in the north.
Detached houses had been declining in price every quarter for the last two years, but this fall has been reversed with a raise in the latest quarter of 12.6%.
Between December 2008 and December 2009, the number of transactions rose by 25%, helped in the final month by the rush to close contracts before the end of a stamp duty holiday on lower value homes.
posted
by World House Info @ 11:03 PM
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