9 Apr

Scottish property market "selective"

Scottish property market "selective"

The Scottish property market is displaying "selective" characteristics, it has been stated.

Discussing the state of the sector, property partner at legal firm Russel and Aitken Dianne Paterson commented that the situation is one where "certain properties, in short supply, are achieving closing date sales with premiums being paid", in contrast with property types where availability is "abundant" and prices are being negotiated more.

Ms Paterson said buy-to-let investors are among those helping to get the market moving again.

She concluded that while it is premature to talk about a return to the recent boom levels, the Scottish market appears to be "heading in the right direction".

Figures from the Registers of Scotland index showed that the average house price in the country in February was £142,048.

The most expensive region was Aberdeenshire at £201,970, while the lowest average price was £97,652 in Lanarkshire.

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