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Article: House prices to catch up with UK average.
- Article from:
- Daily Mail (London)
- Article date:
- December 27, 2001
- Author:
CopyrightCOPYRIGHT 2001 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: TINA DAWSON
HOUSE prices in Scotland are expected to rise in line with the UK average next year after experiencing the smallest increases over the past 12 months, economists forecast.
The price of houses north of the Border has risen steadily in the past year by nearly 4 per cent, compared with the UK average of 10 per cent.
The Bank of Scotland forecasts that continuing economic growth and affordable housing will underpin a healthy property market as the country moves into 2002.
It predicts house price inflation of around 5 per cent next year, bringing Scotland in line with the UK average as southern England bears the brunt ...