Several reports and surveys say that the property values in Scotland are expected to remain steady in this year. Dianne Paterson, the property partner of the Russel + Aitken law firm, said that the common trend of the last some months has been one of growing activity, with customer confidence returning and a lot of mortgage items being made available.
Ms. Paterson said that prices would stabilize by this year, saying that the present shortage of high quality stock would not last. Lloyds TSB Scotland’s figures shows that the nation’s overage property or house value is increased by 5.9 percent to 16,074 pounds during three months to the end of the January, 2010.
Dundee city property saw prices grown by 16.3 percent over this period, as those in Edinburgh increased by 11.4 percent.
But, property prices in Perth, Tayside and Fife reduced by 7.6 percent and house in Glasgow also decreased by 1.6 percent.