Housing Market Revival Grinds to a Halt

The ScotsmanAugust 24, 2010

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Summary


A REVIVAL in the Scottish housing market has ground to a halt according to new figures released today, fuelling fears that Scotland could be sliding back into recession.

The quarterly Lloyds TSB Scottish House Price Monitor shows that the average house dropped in price by almost 3 per cent in the three months to 31 July, at GBP159,217.

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Extract


Housing Market Revival Grinds to a Halt

An impressive 6 per cent leap in the average house price in the three months up to January had led to hopes that a revitalised property market could help lead Scotland out of the economic downturn.

However, experts now fear that the property market is again stagnating, wit...

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