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signs of stability in Scotland’s largest property market
April 2, 2009
The pace at which house prices in Glasgow and west central Scotland are falling has slowed in the last three months, raising the possibility that the worst of the falls in price are now behind us.
Annual house price inflation to the end of March was just under nine per cent, compared to almost 10 per cent at the end of December last year. The falls are well below the near 18 per cent falls reported in February by the Halifax for the UK as a whole
The latest quarterly market report from GSPC (Glasgow Solicitors Property Centre) provides more evidence that house prices in Scotland are less volatile than elsewhere in the UK. The GSPC analysis includes more transactions in the west of Scotland than any other index (with the exception of the Registers of Scotland) and is regarded as the most authoritative source of information on Scotland's largest property market.
For more information, click on the ‘GSPC House Price Data' on the left hand side of this page.