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Friday 8th of August 2008 07:24:00 PM  

 

Investment Property News - Bueno Investments Limited


Scotland's Property Bucking Trend

Scotland's property market is outperforming London's despite the economic
downturn which has seen the amount paid for homes fall, according to new
figures.

House prices in Scotland are holding steady while those in England's capital
continue to decline, the survey by the Royal Institution of Chartered
Surveyors (RICS) found.

The survey also showed more building work is being undertaken in Scotland
compared with a steady dip recorded in London over the last year.

RICS Scotland director Graeme Hartley said: "There is great uncertainty
surrounding the global economy but the figures from the RICS surveys offer
Scotland some positive news.

"Investors have confidence in Scotland, businesses want to set up shop here
and employment has climbed by 2.2% over the previous 12 months."

Copyright © PA Business 2008

http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.rics.org/ (Royal Institution of Chartered Surveyors)




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