New look

We've made some changes
to The Sunday Times

Navigation - link to other main sections from here

Skip Navigation

From The Times
May 15, 2008

House prices rising, amid fewer sales

illustration of man standing on bar graph

House prices are continuing to rise across Scotland despite an overall drop in sales, according to official records.

The average cost in the first quarter of this year was £150,257 - 7.4 per cent higher than that period in 2007. The increase came despite an “expected” dip from £158,360 at the end of last year, the Registers of Scotland report showed.

The volume of all registered sales - cash and mortgage - dropped since the first quarter of 1007 by just under 10 per cent, to £4.1 billion.

Geoff Lockett, of the estate agents Strutt and Parker, said that nervousness fuelled from the South of England meant fewer properties were on the market. “It's good news for Scottish homeowners - not so great for solicitors,” Mr Lockett said. “Speculation has virtually ground to a halt; investment is massively reduced. That's why there are fewer properties coming on the market. The supply- and-demand balance remains - fewer people are buying and selling. I think the next 12 months will be a steady market with no significant growth or decline.”

Related Links

The North East has Scotland's biggest year-on-year price rises, at 13.8 per cent.

Have your say

* Required

Also in Scotland News

Also in UK News

Most Read

Skip Most Read

Today

MOST COMMENTED

Skip Editor's Pick

Today

MOST CURIOUS

Skip Most Curious

Today

Focus Zone

woman texting on a mobile phone whilst walking along the pavement

Know on the Go:

How the new breed of location based mobile services can find your nearest cashpoint, restaurant or wi-fi hotspot

Dr Zhivago

Top 100 Films:

Enjoy screenings of all the classic films you love, plus take advantage of two-for-one tickets

A family canoeing on a lake

Sport Safety :

We explore leisure activities that are safe and suitable for all of the family

Focus zone, pets, 100x100

Perfect Pets:

Times Online's new TV show helps you make the right decisions for your pet

California

Totally California:

Are you California dreaming? Explore the wonders of the Golden State. Also enter our fantastic competition

Nikon D40X camera

Young Photographer:

See the best entries in this year's competition

Train your brain

Surprise Yourself:

Your brain is capable of more than you might think...

James Bond eye image

James Bond:

An interactive preview of the brand new For Your Eyes Only exhibition

ba business travel clouds

Business Travel:

The latest travel news plus the best hotels and gadgets for business travellers

previous next

QUICKLINKS

Sudoku 

Skip Sudoku

70 x 70 JPEG

Now Interactive

Love Sudoku? Play our brand new interactive game: with added functionality and daily prizes

    Career/Jobs 

    Skip Career/Jobs

    70 x 70 JPEG

    Forget burnout, boreout is the new office disease

    Are you irritable when you return from work? Drained of emotion? You could be suffering from boreout

      Podcasts 

      Skip Podcasts

      70 x 70 JPEG

      The Bugle - Dead Hill Walking

      John Oliver and Andy Zaltzman beg Hillary to pack it in

        Driving 

        Skip Driving

        70 x 70 JPEG

        Jeremy Clarkson's greatest hits

        Prepare for some shock and awe, petrol lovers. Despite the greens trying to wipe it out, the car is about to offer us the most exciting year ever

          Travel 

          Skip Travel

          70 x 70 JPEG

          100 summer holidays for '08

          We've trawled the brochures and websites to find this summer’s best holidays for every taste and budget

          Skip Photo Galleries
          70 x 70 JPEG

          Photo Galleries

          Pictures of the Week

          A selection of the best images from around the world

            Services

            The Singapore skyline pictured at night

            Business City Guides

            Overseas contacts and local business information

            Luxx

            The Times Luxx

            A treasure trove of baubles, booty and stylish quests

            Beat the Price Rises

            Compare energy prices from suppliers

            A mobile phone with a map displayed on the screen

            SPECIAL

            Know on the Go

            More than mobile

            Classifieds 

            Cars

            Skip Cars of the Week

            LAMBORGHINI Murcielago LP640 E-Gear

            2006
            £189,500
            NW England

            FERRARI F430 Spider F1

            2008/08
            £169,950
            NW England

            Volkswagen Touareg Altitude 3.0 V6 TDI

            2007/57
            £35,000
            South East England

            Car insurance

            Great car insurance deals online


            Jobs

            Skip Jobs of the Week
            Commercial Director

            Circa £82,000 per annum
            Birmingham Women's Hospital
            Birmingham

            Management Information Analyst

            To £28k
            Barclaycard
            Various (outside London)

            ICT Manager - Service Delivery

            £ Up to £66,000 per annum
            Hertfordshire County Council
            South East

            Senior MI Analyst

            To £38k
            Barclaycard
            Northampton/Liverpool

            Properties

            The Gardens @ Riverside Quarter Luxury Appts in Wandsworth

            Beautiful Gardens w/ stunning Thames Views

            Ariel Condos NYC Condo Close to Central Pk

            Dining, Shopping & Riverside Pk

            Barclays

            Mortgages, bank acc & money transfers to help you buy abroad

            Holidays

            Skip Travel of the Week

            Classical Jordan guided tour

            Explore mystical Jordan
            From £1030 for 7nts 4*

            Great Value City Break

            to USA's Most Cosmopolitan City; San Francisco!
            £POA

            Antigua Beach Club Holidays

            Book Now for Winter 08/09 and Get 10% off!


            Travel insurance

            Great travel insurance deals online


            Place your advert now