16 Oct

First time buyers beginning to return in Scotland

First time buyers beginning to return in Scotland

A recent increase in first time buyers has helped to raise property sales in Scotland compared to this time last year, according to a recent report.

Statistics from the LSL Acadametrics House Price Index have shown that residential property sales in 2013 are up ten per cent from 2012.

However the August prices have decreased by 0.2 per cent compared with July’s prices in 2013. There has also been an annual overall decrease of 0.3 per cent. This means the average price of a house in Scotland is currently £143,278.

The overall decrease in house prices may benefit people looking to buy in the current climate. With the Scottish government recently unveiling its own version of the Help to Buy scheme, more first time buyers could look to capitalise on the current market.

Some areas of the country have enjoyed steady growth, despite the slight overall decrease in prices.

Aberdeen is one of the stronger performers with a monthly growth of one per cent. The cities annual growth is an impressive 6.6 per cent.

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