The Scottish property market has shown encouraging signs of recovery as house prices gained 6% between July and September 09. The overall picture for the Scotland’s housing market is not so good indicating house price decrease of 3.6% when compared with the same period last year.
The Government department - responsible for compiling and maintaining registers for property in Scotland - said that between July and September, the average cost of a house in Scotland was £154,453 - up from £145,553 in the previous quarter.
The areas in Scotland that saw the biggest gains in property prices were in Perth and Kinross, where prices rose by 15%.
Sheenagh Adams, the Keeper of the Registers of Scotland, said the figures showed "signs of improvement" in the Scottish property market, despite the year-on-year drop.
"RoS is the only organisation that holds the full picture of what's happening in the property market as we register every sale and property transfer in Scotland," she said.
"These latest figures show signs of improvement in the property market although we received nearly 5,000 less transactions than in the same period last year."
© Housing Market News by The Little House Company
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