Property punters more optimistic

Across the UK, spread betters have become more optimistic about property prices.

Spread betting company IG Index’s Scottish clients are predicting the average house price will have risen 2.1% to £109,500 by March next year.

By June, the typical Scottish house is expected to be worth £112,000, 4.4% up on current prices.

“Our clients think house prices have stabilised a bit,” said Pete McDermott, head of options at IG Index.

“Three or four months ago people were closing their positions and many were forced to swallow moderate losses as the downturn in reality was not as bad as had been predicted. But there is still an innate bent to go short on the market as most people are long on property already.”

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