SCOTTISH private investors are increasingly bullish about the prospects for UK equities but remain more cautious than those elsewhere in Britain.

North of the Border, 37% of private investors surveyed by Bank of Scotland Private Banking held a positive view of the asset class while 17% were negative. UK-wide, 47% of investors were bullish against 9% downbeat.

Scots are becoming more cautious about the prospects for UK property with 45% holding a positive view and 17% negative in contrast to an increasingly bullish mood UK-wide.

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Ashish Misra, head of investment policy at Bank of Scotland Private Banking, said: "The gap between Scottish investor sentiment towards UK property and the rest of the UK is perhaps reflective of the rate that property values are rising.

"South East England is certainly seeing prices rise faster than other parts of the UK so while Scots are seeing value in property, they are holding a view perhaps more in keeping with their local observations."