House prices at 2009 levels

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HOUSE prices in the Capital have reverted to 2009 levels after recent falls wiped out any recovery made last year.

The average recorded house price in Edinburgh was £13,000 lower in the three months ending September, compared with the same period in 2010.

The average house price between July and September was £216,673 – down from £229,787, according to the new ESPC report.

The most significant fall was in the city centre, by 13.5 per cent, but one-bed flats in Leith and Easter Road increased by nine per cent.

In contrast, Midlothian saw price increases of 11.3 per cent and West Lothian saw 10.6 per cent.