Economy will suffer if we fall into a trap of negative inflation | David Alexander
David Alexander’s latest column for The Scotsman touches on some of the interesting conclusions that can be taken from the annual Scottish house price index for 2022 and what this means for Scotland’s housing market.
“So, the current economic downturn is impacting Scotland’s housing market in differing ways depending on where you live and what type of property you live in. Edinburgh, Glasgow, and Dundee all had overall average price increases over the year, rising by 5.9%, 5.3%, and 4.1% respectively, whereas Aberdeen experienced a fall of 2.7% in the last 12 months.”
David continues, “However, there is one property type that is bucking the trend in certain areas. In Edinburgh and Glasgow, the highest ever average prices were recorded for detached houses in December 2022 and the prices have risen steadily throughout the year.”