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31 Jul 2012
There has been a significant rise in the number of homes sold in Scotland over the past three months, a report by the Registers of Scotland has shown.
The 18,500 sales between April and June is a nine per cent increase on the same period in 2011.
The data also suggested the average price of a house fell by around 0.2 per cent over the same timeframe.
The Bank of England’s Funding for Lending Scheme has been credited with helping the increase in sales.
Scottish Conservative housing spokesman Alex Johnstone MSP said:
“The market fluctuates greatly from month to month, and I think the falling prices are a readjustment we are seeing from the days when they were so high.
“The fact more people are getting onto the housing ladder is to be welcomed.
“We don’t want to see a return to the days of silly mortgage offers being made by banks, but we certainly need more products being made accessible to help people realise their home ownership aspirations.”
For more information visit:
www.bbc.co.uk/news/uk-scotland-scotland-business-19061089
