Relatively slow house price growth in Scotland benefits first-time buyers

The latest House Price Index from Your Move released 17th March headlined ‘Scottish house prices inching higher‘.

Average house prices in Scotland edged up  0.1% in January and grew 1.5% annually.

The report states: Higher value properties and first time buyers drive transactions and prices.

Christine Campbell, Your Move managing director in Scotland, said: “Relatively slow house price growth in Scotland is proving a blessing for first-time buyers. The early indications are that they’re using the opportunity to get on the ladder, helping to sustain transaction numbers.

“It will be interesting to see how talks of another Scottish referendum play out, and whether or not it has an impact on buyer and seller appetite to make a move now, or indeed, in the future.”

Read the latest Your Move House Price Index report January – Scotland in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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