Scot Property boom to end?
Economists at Lloyds TSB have warned that the Scottish property boom could end in the next few months.
Experts are concerned that the trend, that has seen the average property in Scotland rise by 11.9% since the start of 2007, will end leaving some home owners out of pocket. The highest rising city has been Aberdeen with a 25% increase this year alone with Edinburgh next at 12%. The low number of properties on the market has been a major factor in raising house prices north of the border, however this cannot always be relied upon as a constant factor and may result in a decrease in the next quarter. Rising interest rates seem to have encouraged buyers to take advantage of present lower rates and pay higher house prices due to the demand on a limited number of properties for sale.
These findings were made by Lloyds TSB and covered the whole of Scotland.
Read more here: BBC Property News.