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House prices still rising in Scotland

02 November 2004
While the majority of the UK sees house prices stall of start to recede, in Scotland prices are still on the up.

The Edinburgh Solicitors' Property Centre (ESPC) have released figures suggesting the average house price in the capital for the third quarter of 2004 has increased by 11.25 per cent compared with last year.

Robin Stimpson, ESPC chairman, noted: "Those looking for evidence of a collapsing market should look elsewhere."

But the report also highlighted that there were seven per cent fewer houses sold during the three months to September 30th.

If trends in Edinburgh are representative of the British housing market, it seems any talk of a price crash will soon be dismissed.

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