Monday, August 30, 2010

Property

We arrved in the Borders in 2008 and we were expecting prices to fall in line with the rest of the uk. In fact based on our research UK property were more than 30% over priced. For the first year to our surprise prices went up a bit. Then we began to realise that Scotland markets lag English ones by about 1-2 years and it may be more. This year we start to hear about slowdowns in the property market here. But England still has to faced real pain, I suspect another 10-20% drop during 2010-11, so that means Scotland will get that impact 20012-13. So if you want to move here, and I recommend you do, then 2012 might be a good time.