Six out of 10 home movers believe the current market favours buyers

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Six out of 10 home movers believe the current market favours buyers, with people in Scotland the most likely to hold this opinion and Londoners the least likely, a study from property analyst Rightmove has found. While much of the market has stagnated, London has been boosted by demand from overseas buyers, and analysts have predicted this trend will continue in 2012 as the city prepares to host the Olympics. Some 30% of those surveyed across Britain believe prices will be lower in a year's time, outstripping the 25% who expect prices to be higher. However, in London people tended to be … [Read more...]

Edinburgh house prices drop 3.6% – with more falls forecast

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HOUSE prices in Edinburgh and Glasgow have slumped in the past three months and are set to fall further as buyers continue to spurn the market, new reports have claimed. Evidence of a fresh decline in Scotland emerged as the Halifax reported a surprise 1.2 per cent rally in UK prices last month. However, the UK's biggest lender warned that the housing market faced "significant headwinds".The average price of a home in Edinburgh in the three months to the end of June was £219,530 - down 3.6 per cent from the same period last year - according to Edinburgh Solicitors' Property Centre (ESPC). … [Read more...]

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