Arbroath house prices hold steady

HOUSE prices in Arbroath are holding steady while other areas are experiencing a slide, according to the Nationwide building society.

In Scotland, prices fell by 0.3 per cent in November, following a 0.7 per cent slide in October - but locally there was little or no change.

Roddy Maxwell at Thorntons said that prices have remained at roughly the same level for up to two years.

He added that the most popular properties in Arbroath are in the £130,000 to £150,000 mark.

And Ross Paton, at Shield and Kyd said the housing market would now see the seasonal slowing-down, with activity relatively dormant until the spring.

A typical UK house costs around £163,400, a fraction more than a year ago, having stabilised from regular falls over the previous six months.

The UK market fell by 1.3 per cent in the three months to the end of November, and 1.5 per cent the previous three months.