Scottish Property Prices Continue To Rise

A recent report has suggested that Scotland isproperty price increases have either stopped or in
the best place in the UK to buy property. Scottishsome places started to fall.
properties are continuing to rise in value, accordingAccording to Leigh Bradnick of England Estates, an
to Halifax and this area of the country may holdestate agent based in Birmingham, prices "are
some excellent property investments for cannybeing cut by at least five per cent, and vendors
property investors.are having to go lower still when finally negotiating
Property price inflation in Scotland is higher thana completion price".
anywhere else in the UK except London andHe advised that property owners "are having to
Northern Ireland. Prices have risen by 0.7% in thebe very realistic about what their properties are
past 3 months and are more than 14% higherworth".
than a year ago.However this is not the case everywhere as
The Nationwide Building Societies house price indexproperty prices in London and the Southwest
claims that Scottish house prices have risen bythey are continually rising which means that first
2.5% in the last quarter and by 12% over thetime buyers and young people are finding it harder
past 12 months.and harder to get onto the property ladder.
Research from the Edinburgh Solicitors PropertyHowever the general 'slowdown' in property prices
Centre (ESPC) has concluded that house pricemay not be a bad thing for savvy property
inflation has gone up in September, climbing toinvestors and landlords. Properties can be bought
13% to 10.6% the previous month.cheaper and investors will be able to bargain
This is in contrast to property prices in some ofharder as sellers have to be more realistic with
the major UK towns and cities in England wherewhat they can accept.