PROPERTY SEARCH

Country: Price (min): Price (max): Location i.e. Costa Del Sol: Type of property: Bedrooms (min): Bathrooms (min):

Homes Go Fast

Free News By Email

Subcribe to property news

Enter your Email

Preview | Powered by FeedBlitz

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

Overseas property news

We are dedicated to bringing the best and most up to date overseas property news to you daily, why not sign up for news alerts by email.

Malta Now Attractive Shopping Destination

Turkey Property Market Stronger Than Most

British Weather Feeds Overseas Property Markets

Sainte-Foy-en-Tarentaise For French Alps Property

International Property Industry Descend at MIPIM in Cannes

Homes Go Fast

Scottish Housing Boom Ending?

News Sponsored by The Coral Lake & Beach Resort

Unbelievable prices at award winning resort

The Coral Lake & Beach Resort

The boom in the Scottish housing market is slowing, and some think it is coming to an end, according to recent news reports. Figures in the latest quarterly housing report from Lloyds TSB Scotland, as reported by the BBC show a slowdown in price increases, but an increase overall.

The second quarter of 2007 saw prices fall in Glasgow by 1.2% and Aberdeen by 1.4%. In the south east outside of Edinburgh, home prices fell by a whopping 10% in the quarter. Excluding Glasgow, prices in the south west fell 2.5%.

The average price for a home throughout Scotland is £140,262, which is still well below the UK average of £196,525. The affordability of housing in Scotland is one reason for its recent climbs as more and more people look to buy homes. It also should keep the market from seeing any major declines. While the market is definitely slowing, the outlook across Scotland is still solid with no major drops expected. For the quarter, housing prices in all of Scotland rose by .6%.

Economist Tim Crawford was quoted by the BBC on the situation in Scotland: "Over the past year Scotland has seen the strongest house price growth in Britain, an increase of almost 16%. Despite recent price increases, Scotland is still the most affordable part of the UK by a wide margin.”

Overall, Edinburgh remains the most expensive city in Scotland for housing, with an average price of £228,087. Aberdeen is next at £200,141. These are the only cities in Scotland with an average price above £200,000. Aberdeen also saw the largest increase in prices over the past year, rising by 32% between July 2006 and July 2007.

Average price of a rural property in Scotland is 5.8 times average annual earnings, compared with 5.2 times in towns and cities. This has created a situation in Scotland where there are far fewer first-time buyers in rural areas - just 18 per cent - than in urban areas, with 31 per cent.

Martin Ellis, chief executive at the Bank of Scotland, said: "Those living in rural areas face particularly tough housing market conditions. In general, higher average property prices, together with lower earnings, mean housing is less affordable than in urban areas.

The Scottish Borders has the lowest proportion of first-time buyers, at 16 per cent. East Lothian is second with 21 per cent, while Argyll and Bute and Aberdeenshire come joint third with 22 per cent.

Buying Property

Selling Property

Sell My Property>

Overseas Property For Sale in United Kingdom

United Kingdom

GBP 450,000

This property is a semi detached

United Kingdom

GBP 70,000

This is a sale of a maisonette

United Kingdom

GBP 75,000

First floor studio victorian conversion

United Kingdom

GBP 59,990

Ground floor. Studio Holiday flat

United Kingdom

GBP 250,000

High Return Investment - Period

United Kingdom

GBP 199,950

Low cost investment property UK

United Kingdom

GBP 250,000

5 Bed House Recently Reduced For

United Kingdom

GBP 265,000

Bungalow for sale in Kent This

Other Overseas Property Destinations...

Spain France Portugal Bulgaria Turkey Cyprus Greece Italy South Africa Croatia Egypt United States Morocco Germany Dubai Dominican Republic Hungary Cape Verde Brazil Thailand

Find overseas property

Real estate guides, luxury homes, property news, investment properties, real estate agents & advice for buying property abroad.

Africa and the Middle East

Americas

Bahrain	Cape Verde	Dubai	Egypt	Argentina	Belize	Brazil	Canada
Gambia	Jordan	Mauritius	Morocco	Costa Rica	Mexico	Nicaragua	Panama
Qatar	Saudi	South Africa	Tunisia	Paraguay	Uruguay	Venezuela	USA

Asia Pacific

Caribbean

Australia	Cambodia	Fiji	India	Antigua	Anguilla	Barbados	Bahamas
Indonesia	Japan	Malaysia	New Zealand	Caymans	Dom Repub	Grenada	Guadeloupe
Philippines	Thailand			Jamaica	Antilles	St Kitts	St Vincent
				St Lucia	Turks Caicos	Trinidad	Virgin islands

Central and Eastern Europe

Western Europe

Albania	Bulgaria	Croatia	Czech Rep	Austria	Cyprus	Finland	France
Estonia	Hungary	Latvia	Lithuania	Germany	Gibraltar	Greece	Malta
Poland	Montenegro	Romania	Slovakia	Netherlands	Italy	Ireland	Portugal
Slovenia	Turkey	Ukraine		Spain	Sweden	Switzerland	UK