Scottish regions benefit from property boom

A number of regions in central Scotland have been identified as popular with house-hunters, according to homebuilder George Wimpey.

The firm suggests that Greenock in Inverclyde is one of only ten hotspots in the UK that has been earmarked for house price growth over the course of 2008 as a result of high-quality transport links to Glasgow and lower-than-average property prices.

In news that may be of interest to those looking to buy a house in Scotland, Port Glasgow is also identified as being at the heart of an inward property boom.

Michelle Logie, marketing and sales director for the firm, states: "The present market indicators are showing positive signs that Port Glasgow will be a good area to invest in… particularly for families and professional couples looking for a quality, three or four-bedroom property."

In other news that may be welcomed by those looking to buy a house in Scotland, a recent poll of financial institutions suggested that the common belief is that the Bank of England will cut the base rate of interest on Thursday.