Lloyds TSB: Scottish house prices down
The average value of a Scottish property in the three months to April 30th 2009 was £148,990, according to the latest research from Lloyds TSB.
Its housing survey showed that property purchase transactions were down 35 per cent when compared to the same period one year before.
Some 39 per cent fewer flat purchases were recorded, while it was suggested there had been a drop of 28 per cent in semi-detached sales.
With prices coming down, those looking to buy such as people with mortgages for professionals may be able to get on the housing ladder.
Professor Donald McRae, chief economist at Lloyds TSB, said the cost of borrowing has reduced for many mortgage holders north of the border and "there has been a slow but perceptible increase in the level of mortgage availability for first-time buyers".
Property consultancy Ducalian and financial services provider Halifax have both recently claimed that now is a good time for first-time buyers to purchase bricks and mortar.
To book your free initial consultation with mortgages for professionals click here.
Its housing survey showed that property purchase transactions were down 35 per cent when compared to the same period one year before.
Some 39 per cent fewer flat purchases were recorded, while it was suggested there had been a drop of 28 per cent in semi-detached sales.
With prices coming down, those looking to buy such as people with mortgages for professionals may be able to get on the housing ladder.
Professor Donald McRae, chief economist at Lloyds TSB, said the cost of borrowing has reduced for many mortgage holders north of the border and "there has been a slow but perceptible increase in the level of mortgage availability for first-time buyers".
Property consultancy Ducalian and financial services provider Halifax have both recently claimed that now is a good time for first-time buyers to purchase bricks and mortar.
To book your free initial consultation with mortgages for professionals click here.
