Wednesday, 19 September 2012

BBC News - First-time buyers help boost monthly house sales by 21%

BBC News - First-time buyers help boost monthly house sales by 21%

First-time buyers have helped boost monthly house sales in Scotland by one fifth, according to new figures.

The number of houses sold in July increased by 21% on the previous month, the latest LSL/Acad Scotland House Price Index has shown.

Buying a home in Scotland cost £145,622 on average, down slightly from June's figure.

The first-time buyer market is "moving more freely" than in England with sales up 9% so far this year, experts said.

The seasonally adjusted average house price fell 0.3% in July, the House Price Index showed, but of the 32 local authority areas, 12 have seen property prices rise over the year.

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