Scotland ‘at the top of the market’

House prices are only continuing to do well in Scotland and at the top end of the UK market, it has been claimed. Research conducted by the Centre for Economics and Business Research (CEBR) for Chesterton estate agents, has highlighted a negative house price growth throughout England, Wales and Northern Ireland during April. However, people looking to buy a house in Scotland may be pleased to hear that the country is still doing well. Douglas McWilliams, chief executive of the CEBR, commented: “Price falls are now happening across the country. Mortgage lenders, estate agents and surveyors – in fact, all areas of the market – are now telling the same story of decline. “Prices are only holding up in Scotland and at the very top of the market, which is propped up by international demand helped by falls in sterling.” Elsewhere, the largest house price fall was experienced in Northern Ireland with a 4.6 per cent dip. Also, the value of property at the bottom end of the market fell by 0.2 per cent. The CEBR’s sentiments were echoed elsewhere this week as Knight Frank proclaimed Scotland’s housing market to be “remarkably robust”.