Falling house prices in the UK are tempting some people back into the housing market, industry analysts have noted.

According to Savills Private Finance, recent reductions in property values are increasingly being seen as an opportunity by prospective buyers.

Many of these were said to be rental investors who are keen to take advantage of current market conditions, thereby allowing them to extend their buy-to-let portfolio.

David Carmichael, head of Savills Private Finance in Scotland, commented: "Some of the more experienced buy-to-let investors have an eye for a bargain."

However, he told the Sunday Herald that people are only willing to add to their portfolio if the price is deemed to be appropriate.

This comes after figures from Lloyds TSB revealed that during the three months to October 31st, property values in Scotland fell by four per cent.

According to the organisation, the average price of a Scottish residence is now £165,398.


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