Scottish property market begins to slow

The Lloyds TSB research found that the average house price in Scotland had risen by 1.7% in the last quarter, down from 6.7% in the first quarter of 2007. Prior to this, Scottish house prices had shown some of the strongest growth in the UK. On an annual basis, average house prices in Scotland have risen by 13.2% to £162,779 and the average price has risen for 78 consecutive months. The report shows considerable regional differences in price growth, with Aberdeen showing growth of 32% over the past twelve months despite a small decline of 1.4% over the last quarter. The North of Scotlan...