Property Price Guide To A New Home In Scotland
Property Price Guide To A New Home In Scotland
Different parts of Scotland have experienced property fluctuations, some very volatile, in the past two years. Things have slowly started to improve, but when looking for a new home in Scotland, it will pay for you to do some homework on house values.The fluctuation continued in early 2010 when property values saw an increase, having previously fell to 5.9%. Some regions were very badly affected, with Glasgow properties falling to the value of 12.1%, although it is now in 2011 regaining its market value to the levels in 2008. In the last quarter of 2010, the average price of property rose by 1.7% compared to the same period in 2009, which is a good sign of confidence returning to the market in Scotland.In 2010 property prices in Scotland were less volatile than the previous year. New figures released show that in 2011 property prices for new homes in Scotland are on the increase - by nearly 5%. Despite overall prices for new homes in Scotland dipping slightly by 0.3%, year on year they actually rose in real terms. This is also influenced by the fact that the number of properties coming onto the market have decreased, which enables the house prices to gain a foothold and stabilise in the market. Certain areas vary widely in price fluctuation and stability, and it's worth looking closely at the region and area you are thinking about moving to and how house values have been performing. If you prefer a brand new house or a new apartment, there are lots of new developments in Scotland with different pricing levels. With many styles on the market, such as four-bedroom detached family houses in rural countryside, valleys and close to towns and cities, purchasers can seek out good quality housing at affordable prices. In Stirling, there is a new development of villas and apartments, having from two to five bedrooms. The development is very close to shops, amenities and transport links. Detached houses showed the largest increase in average house prices of 3.3%, and are very much in popular demand. With the price drop seen in Glasgow during the past two years, buying a new home in Glasgow now would be a great investment. A new development in the grounds of a former hospital consists of beautiful four and five bedroom detached houses. This new development is surrounded by woodland and is situated in a tranquil and peaceful setting. So although prices for new homes in Scotland have been precarious and unpredictable over the last two years, buying a home in Scotland would make a great investment this year as the UK economy moves out of recession and the confiden returns to Scotland.
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