Scottish House Prices Still Falling

Scottish house prices continued to fall over the last three months and the market remains in the doldrums, a new report has said.

In the three months until April, the average domestic property price decreased by 2.7%, according to the latest Scottish House Price Monitor from Lloyds TSB Scotland.

Its quarterly price index showed that on an annual basis, house prices have fallen by 4.4%.

The annual price change is measured by the average of the latest four quarters.

The report said the average house price in Scotland is now £148,024.