Released on: October 12, 2007, 11:56 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Buy-to-let investors might be interested in a recent report
which points to Scotland as the best place to buy a property in the UK. Scottish
properties are continuing to rise in value, according to Halifax, in contrast to a
generalised downward trend across the rest of Britain.

Press Release Body: Buy-to-let investors might be interested in a recent report
which points to Scotland as the best place to buy a property in the UK. Scottish
properties are continuing to rise in value, according to Halifax, in contrast to a
generalised downward trend across the rest of Britain.

The bank reveals that property inflation north of the border is higher than anywhere
else in the UK except London and Northern Ireland. Prices have risen 0.7 per cent
over the past three months and are more than 14 per cent higher than a year ago.

A report in Scotland on Sunday revealed that the Nationwide building society, in its
own house price index, claims that Scottish house prices have increased 2.5 per cent
in the last quarter and 12 per cent over the course of the past year.

The paper also cited research from the Edinburgh Solicitors\' Property Centre (ESPC),
which concluded that house price inflation in Scotland had gone up in September,
climbing to 13 per cent from 10.6 per cent the previous month.

In contrast, there are signs in some areas of England and Wales property prices are
receding - not necessarily a negative for buy-to-let landlords, given that it can
provide the opportunity for portfolios to be added to at a lower price.

According to Scotland on Sunday, large urban centre such as Leeds, Birmingham and
Nottingham have seen property price increases either \"ground to a complete halt\" or
even begin to recede.

According to Leigh Bradnick of England Estates, an estate agent based in Birmingham,
prices \"are being cut by at least five per cent, and vendors are having to go lower
still when finally negotiating a completion price\".

He advised that property owners \"are having to be very realistic about what their
properties are worth\".

However, a report in the Times indicates that not everywhere is seeing a decline in
prices - and in London and the south-west, they are rising continually, to the
effect that young people and first-time buyers are unable to access the property
ladder.

The newspaper quotes a recent Hometrack report which - despite acknowledging that
prices in Yorkshire, the north and the Midlands have slowed down - concluded that
the price of \"starter homes with two or three bedrooms is commonly out of reach\".


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