House Market Expected to Grow 7 Per Cent in 2006

Summary


SCOTLAND'S housing market is expected to outperform the rest of the UK in 2006, with prices rising 7 per cent compared with the rest of the UK's 3 per cent.

The upbeat prediction came yesterday from Bank of Scotland in its 2006 economic forecast, which also suggested that the economy as a whole north of the Border is expected to grow by 1.8 per cent - a slowdown on this year as consumers continue to rein in spending in the wake of higher oil prices.

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House Market Expected to Grow 7 Per Cent in 2006

The BoS figures estimate that house prices in Scotland have risen by 10 per cent in 2005, putting the market behind only Wales an...

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