Scotland bucks UK house price trend

Country house prices in Scotland rose in the last three months of 2007, in contrast to the UK average, new research suggests.

According to Knight Frank, country houses in the region saw an increase of one per cent between October and December last year.

In comparison, the average price for the rest of the UK fell by 0.04 per cent, in news that may be of interest to those looking to buy or sell a house in Scotland.

As a whole, 2007 saw overall prices for country properties rise by 7.9 per cent.

Head of residential research at the firm Liam Bailey stated: "The uncertain economic conditions in late autumn undoubtedly caused potential buyers to reconsider their purchasing options, resulting in the country house market become noticeably less buoyant at the end of the year."

In other news that may be of interest to those looking to sell or buy a house in Scotland, it was recently reported by Halifax that the value of housing stock north of the border reached £247 billion over the course of 2007.