Midlothian house sales on the slide

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The number of house sales and house prices continues to fall in Midlothian.

The latest figures released by the Registers of Scotland show that the average house price for the first three months of the year was £152,918.

This represented a 11.3 per cent fall from the October to December 2010 figure (£172,407) and was 8.2 per cent less for the first quarter of 2010 (£166,631).

Between January and March, 165 house sales were completed. This compared with 205 for October to December and 289 for the first three months of 2010.

There was a slight rise in the price of a detached house – from £260,857 in January to March 2010 to £262,291 for the same period this year. However, the average detached house price for the final three months of 2010 was £290,863.

Full story in this week’s Advertiser.