Borders bucks property trend

Prime Scottish property prices fell by 3.2 per cent in 2011 but the Borders has bucked the trend, rising by 1.2 per cent, according to the latest figures from Knight Frank published this week.

Scottish prime house prices fell by 1.3 per cent in the fourth quarter of 2011 after a 1.5 per cent decline in the third quarter and values are down more than twice that on an annual basis. Large country houses have fallen in value by 4.3 per cent year on year, while cottages are down 1.5 per cent, it shows.

But prices are still rising in the Scottish Borders, with a 0.2 per cent increase between October and December and a 1.2 per cent annual rise.