Experts cautious over Scottish market
Tue 9th Oct, 12:49:13 BST
Estate agents have suggested that the Scottish market is defying the slowdown forecast for the rest of the UK but are taking a cautious approach about the future of the market.
According to the Edinburgh Solicitors'' Property Centre, house price inflation in the country increased from 10.6 per cent in August to 13 per cent in September, with David Marshall, a spokesperson for the group, telling Scotland on Sunday there did not currently appear to be any signs of prices falling.
However, with the Scottish equivalent of home information packs, called property information packs, hitting the market next year, Mr Marshall pointed out it was difficult to predict what may happen in the future.
"We simply don''t know what impact they will have. The Scottish market works differently and the packs themselves are different too," he said.
Earlier this year, the ESPC reported that properties in the city had increased by more than £27,000 between July 2006 and July 2007, with the average price of a property there standing at £225,000.
The group said that properties are selling quickly and the market looks set to remain "robust".
According to the Edinburgh Solicitors'' Property Centre, house price inflation in the country increased from 10.6 per cent in August to 13 per cent in September, with David Marshall, a spokesperson for the group, telling Scotland on Sunday there did not currently appear to be any signs of prices falling.
However, with the Scottish equivalent of home information packs, called property information packs, hitting the market next year, Mr Marshall pointed out it was difficult to predict what may happen in the future.
"We simply don''t know what impact they will have. The Scottish market works differently and the packs themselves are different too," he said.
Earlier this year, the ESPC reported that properties in the city had increased by more than £27,000 between July 2006 and July 2007, with the average price of a property there standing at £225,000.
The group said that properties are selling quickly and the market looks set to remain "robust".
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