RICs report

Further evidence that Scotland is bucking the UK trend of falling house prices can found in the recently published Royal Institution of Surveyors (RICs) report. It states that 59% of its members reported that house prices in their area have remained static. In fact 4% of its members actually reported price increases. This compares favourably with the English market where 78% of its members have reported falling prices in London, with percentage increasing in South East England and West Midlands to over 90%. Further trust in the Scottish housing market can be found from the Nationwide Building Society figures which show Scotland as the only region out of 13 regions within the UK where average house prices rose in the 12 months to mid-June.