More people in Scotland expect house prices to rise than fall in 2012
04 February 2012
Nearly three in ten of those living in Scotland think that house prices will rise rather than fall in 2012, according to the latest Bank of Scotland Housing Market Confidence tracker. 28% of those questioned forecast that house prices across Scotland will increase over the next twelve months, more than the 24% that predict a price decline over the same period.
Nitesh Patel, housing economist at Bank of Scotland, commented,
"The modest improvement in consumer confidence in the outlook for house prices reflects the resilience of the housing market in Scotland over recent months in the face of a weak economic recovery and the deterioration in the outlook for both Scotland and global economies."