A recent report has shown that the December 2010 mortgage
lending was at its lowest level since 2000 and 18% lower than
December 2009. The latest Home Track Survey of over 5000 Agents
shows a slowdown in both supply (new houses coming onto the market)
and demand. I have to concur with these two views and would advise
that the Scottish wide analysis that we carry out on the property
market in Scotland certainly shows that, with a few geographical
exceptions, supply and demand are lower than 2010 levels and are
very close to the low point of the market in 2009.
Whilst these figures are only our initial analysis and January
has ended with a definite increase in activity, there is no
doubting the trend. I am not concerned in relation to house prices,
as these remain relatively stable but I am concerned about a
stagnating property market. With people taking the view that there
is nothing to buy or that they would not be able to sell their
house, they are apprehensive about
