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15 years ago, my parents bought a 4 bedroomed house for £80,000 ($160,000). Now its worth close to £500,000 ($1,000,000). Now my first purchase is going to be around £20,000 more for a 1 bedroomed flat than what they paid for a 4 bedroomed house back in the nineties.
In saying that, Scotlands prices are still increasing according to the media. 5.3% in the last year |