The housing market has “plateaued” and shows no sign of “vigorous recovery”, according to a report. The Scottish House Price Monitor from Lloyds TSB Scotland shows the quarterly price index for properties rose by 1.4% between November and January.
But over the year property values still fell 4.2%, making the average price of a home £155,528. Donald MacRae, chief economist at the bank, said the housing market “remains down but not out”………………………………………..Full Article: Source