Scottish house sales rise but prices dip

MAR 08, 2011

The survey suggests that Scots seem to be more confident than those in other parts of the UK. There is more evidence of pick up in the Scottish housing market, according to the surveyors body RICS.

It said the number of homes sold in Scotland during February rose and the number of people enquiring about property for sale also rose sharply.

However, prices dipped as sellers dropped their prices to attract buyers.

Scotland along with only two other areas of the UK - London and the north east of England - saw a rise in demand for property.

RICS Scotland director Graeme Hartley said: "Scotland's property market is once again showing different results to the rest of the UK.

"Scots seem to have more confidence in the market, despite the need for large deposits and a possible interest rate rise."

Tweet