4th May 2011

Property Market Showing Signs of Recovery

I was interested to see a survey from findaproperty.com which is based on data from over 400,000 homes across the country.  This showed that the average asking price for a property in March was up over £1,500 on the previous month.  The survey showed that prices rose 0.3% in January and 0.5% in February.  This suggests that the market is picking up speed after the traditional Winter lull.   In March, for Scotland as whole, the average house price was £151,307 – up 1.2%.   I think this is a positive sign.  Listings for the Dundee and Angus areas are still below last year, however,  my feeling is that the market will continue to pick up momentum with listings continuing to increase and I think we will continue to see a steady increase in market momentum.

Lindsay Darroch
Head of Property Services



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