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Scots vendors hoping for autumn sale

Scottish sellers returned to the housing market in September, hoping for an autumn sale says the latest RICS UK Housing Market survey.

While other parts of the UK saw a drop in the number of houses being put up for sale, in Scotland September saw the most activity from sellers since May. 

Traditionally September is a busier time for the market with people back from summer holidays and children already back to school. September also saw a small rise in the number of people enquiring about property reported the chartered surveyors who took part in the survey.

Despite fragile consumer confidence and continuing fears over the economy causing some people to think twice before moving, surveyors expect sales to pick up during autumn and predict investors in some parts of the UK will now begin to return to bricks and mortar as a haven from the turbulent financial markets. For those relying on mortgage finance, the large deposits required by lenders continue to act as a barrier for many would-be buyers.

House prices in Scotland remained greatly unchanged in September with 82% of chartered surveyors saying they had stayed the same. Three percent said they had gone up and 15% said they had dropped.