Scottish house prices rise for third month in row

Scottish house prices rise for third month in row

According to the latest figures from LSL Property Services Scottish house prices climbed £1,082 in March.

Prices have now increased by £3,776 in 2013 taking the average price to £144,615.

Richard Sexton, director of e.surv chartered surveyors, part of LSL Property Services, said: “Although the Scottish housing market has had to battle with a lack of cheap mortgages and poor funding conditions over the last year, it looks as if the market is now sailing into calmer waters.

“This is thanks to the help of the Funding for Lending scheme. The positive increases in house prices for three consecutive months of 2013 are encouraging.”

He added: “The last year was tough with strict mortgage lending rules which pushed back masses of beleaguered first-time buyers.  House prices are still £1,257 lower than a year ago.

"Sadly poor inflation rates made matters worse and the prospect of public spending cuts in Scotland put the property ladder further out of reach for those struggling to save up for a deposit. But it looks as though we are now turning a corner.”

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