Summary
SIGNS of a significant slowdown in the Scottish property market emerged as the Bank of England delivered another payment shock to borrowers by raising interest rates for the fifth time since last summer, pushing up the cost of a GBP 100,000 repayment mortgage by GBP 17 per month.
According to the latest Halifax quarterly house price survey, published as members of the Bank's Monetary Policy Committee sat down for their meeting, house prices in Scotland rose by just 0.6 per cent over the past three months.See the full content of this document
Extract
Property Market On Shaky Footings
This compares with a more than 8 per cent climb over the first three months of the year, and was the lowest improvement, aside from regions where prices actually fell.
Halifax group economist Tim Crawford said: "This could be interpreted as a ...See the full content of this document
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