One part of Fife seems to be bucking the trend when it comes to buying and selling houses during the recession.
The north-east Fife property market has held steady since the credit crunch first reared its ugly head back in 2008, according to Fife law firm Murray Donald Drummond Cook.
The company has revealed that £34.5 million worth of homes were sold under their agency last year with the average property price rising to £247,435 in 2011, its highest level since before 2008.
Just over half of all sellers achieved or exceeded the home report value, with the firm reporting premiums of up to 18% in some instances.
The firm’s total sales value is in line with previous years, proving that the market has remained relatively stable over the past three years.
Property partner Douglas Kinnear said: ”As we examine our statistics for 2011, it appears after the big dip immediately following the credit crunch in 2008 the last three years have been relatively stable.
”Indeed, it’s not all been doom and gloom, with some sellers making healthy premiums on their property.”
Property prices in Tayside and Fife have shown moderate growth over the past year, according to data released by Registers of Scotland.
Figures for October to December show that Dundee had the strongest rise, up 4.4% compared to the same quarter in 2010, taking the average price of a home to £130,222.
Fife saw a 2.2% rise to an average of £135,676, with Angus up 1.5% to £146,037 and Perth and Kinross up 1.0% to £180,829. The Scottish average rose by only 0.5% to £157,174.
Registers of Scotland said the number of houses sold had risen during October to December, but flats had been less popular.