Seven-Year Twitch ; Experts Fear Meltdown As Millions Wiped Off Value of Scottish Homes in Worst Price Slump Since 2001

Daily MailFebruary 15, 2008

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Summary


MILLIONS of pounds have been wiped off the value of the Scottish property market in the first major price fall for seven years.

New figures yesterday revealed that the average property price went down by more than Pounds 5,000 over the last three months as the housing market heads for a slump.

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Seven-Year Twitch ; Experts Fear Meltdown As Millions Wiped Off Value of Scottish Homes in Worst Price Slump Since 2001

During the latest quarter, from October to January, the price of an average home fell from Pounds 168,559 to Pounds 163,211, the worst slump since 2001.

The price ...

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