Scottish house prices remain stable

House prices in Scotland have increased by 5.4 per cent in the first three months of 2010, according to a report by the Registers of Scotland.

It is also expected by industry experts that this level will remain throughout the summer.

Dianne Paterson, property partner at legal firm Russel + Aitken, said: "It is generally felt that consumers are feeling much more confident about the property market this year - despite election uncertainty - due to falling mortgage costs and continuing demand for good quality property, which still remains in short supply."

This news could encourage homeowners to get back onto the property ladder and start selling your own house as prices are on the rise.

There has been doubt over whether or not the election would affect the UK property market, but research shows that this has not had an effect in Scotland.

However, Ms Paterson noted that while house prices have risen, this is compared to 2009 when house prices were at their lowest since 2003, suggesting that there is still some way to go for the property market.

Written by Christopher Evans

Published on: May 10, 2010

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