House prices drop by 10%

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HOUSE prices in the centre of Edinburgh have dropped by almost ten per cent compared with the same time last year.

Figures from ESPC show the average house price in the Capital between August and October was £217,867 – down 2.1 per cent. But in the city centre, the average price fell by 9.5 per cent to £230,820.

ESPC business analust David Marshall said: “Many people are still facing difficulties securing mortgages and concerns over job security are also constraining demand.”