Thursday 18 September 2014

Scottish property - Yes or No?

As Scotland heads to the polls to decide the future of their country I thought I'd forgo the political debate and take a look at some facts and figures of how the UK and their individual nations property markets have fared over recent history.

I also shan't comment on what MIGHT happen to property prices in the future IF Scotland votes yes (sorry, my crystal ball is on the blink).

What I can say is that England's property market has been the star performer of the home nations (largely in part to the exceptional performance of London and the South-East). Northern Ireland has had a torrid time since their recent property crash, still being some 19.7% off their average house prices of five years ago.

Could the rot finally have passed though, as they have notched up impressive growth in the last year of nearly 10%. Scotland and Wales have been the relative 'steady Eddies' of the UK, with less spectacular growth than England but also seeing less of the 'boom and bust' that Northern Ireland has faced.

uk house price increases

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Location: Chichester, West Sussex, UK

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