Bruce Rae Property Management

Scotland Least Affected by 2008 Price Slowdown

The Nationwide Building Society has predicted that house prices in the UK will stall next year as the market witnesses a “significant slowdown”.The Nationwide Building Society has predicted that house prices in the UK will stall next year as the market witnesses a “significant slowdown” due to a slower economy, stretched affordability, tighter credit conditions and lower buy to let demands. It forecasts that the UK will see large regional variation in house prices in the coming 12 months. However, Scotland is forecast to do the best in the UK with prices still rising by 4% while Northern Ireland, who have been enjoying remarkable growth of over 40% year on year, are predicted to see a decrease in price of 5%.

Source: www.bbc.co.uk/news