Caution urged over house price figures.

by Cassandra Allwood and Arron Connolly

An Edinburgh property group has urged consumers to be cautious over the latest figures showing a rise in house prices by the Registers of Scotland.

Tony Perriam of Rettie and Co claims that the recent figures do not account for a ‘lag’ in correlating the number of sales with completion dates purchases.

The figures released could actually represent transactions agreed earlier in the year so will reflect conditions of that time leading to a skewed view of an improved market.

However, Mr Perriam did forecast that figures for the fourth quarter should improve due to a boistrous market throughout the months of August to October when the housing market is normally at it’s slowest.