Friday, May 14, 2010

House Price Increase

Our house went on the market yesterday! If it sells then we should be able to move to Scotland before too long. However, the latest news about property prices rising so high (and so fast) is very worrying and will make things difficult for us:

"INVERCLYDE Has Biggest House Price Rise
(04 May 2010)

AVERAGE property prices in Inverclyde in the first three months of 2010 increased by more than anywhere else in Scotland.Figures from the Government’s Registers of Scotland show that house prices in Inverclyde between January and March rose by 27.7 per cent compared with the same period in 2009.

The average price of a property went up almost £30,000 from £102,493 to £130,856.This was the highest increase in Scotland. Argyll and Bute had the next highest increase – 18.8 per cent. The average Scottish rise was 5.4 per cent and the Scottish average house price was £147,854.

Inverclyde had a 0.8 per cent house price increase between the final quarter of 2009 and the first quarter of 2010, compared with a fall in the Scottish average price of five per cent."

(Source: 'Inverclyde News')