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Scottish house sales surge

The number of properties sold in Scotland increased by 18.2% in the final three months of the financial year. The surge was led by Buy to Let investors keen to avoid the additional 3% stamp duty introduced on 1st April.

Figures from the Registrars of Scotland showed there were 19,892 sales between January and March, the highest figure since 2007-2008.

The total value of sales was up 8.3% to £3.15 billion, however the average sale price during the quarter was 8.4% lower than the previous year. This was largely down to an increase in the number of sales of lower priced houses. All house types showed an increase in sales volumes but all showed a decrease in average sale price.

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