According to the latest Scottish House Price Monitor from Lloyds TSB Scotland, in the three months ending April 2012, the quarterly price index* for the average domestic property in Scotland fell by 2.7%. On an annual, underlying basis, Scottish house prices have fallen by 4.4%.
Following mix adjusting, the average Scottish house price is now £148,024.
As with recent Monitors, the latest house price movement has been generated from a market with a low number of transactions, however, compared to the previous quarter, the number of transactions in the Monitor is up by 8% and by 19% when compared to the same quarter one year ago. Prices in all areas of Scotland are showing a corresponding increase in volatility over the last four years.
For the market as a whole, Scottish house...