Monday, May 18, 2009
Scottish house prices continued to fall over the last quarter, with the average house price having d
According to the latest Scottish House Price Monitor from Lloyds TSB Scotland, house prices fell 4.3 per cent in the three months to 30 April to give an average price of £148,990. This latest fall is greater than the 2.3 per cent fall recorded in the previous quarter, and provides evidence of the difficult start to the year in terms of both house prices and the number of house purchase transactions, Lloyds said. On an annual basis, Scottish house prices have now fallen by 2.1 per cent. The volume of house purchase transactions is also down 35 per cent on the levels recorded for the same period last year.