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Scottish housing market shrinks but prices rise

Scotland's housing market shrank by nearly £900m in the second quarter of this year, official figures have revealed. Registers of Scotland yesterday said around 7500 fewer houses were sold in April-June 2008 than a year before.

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DAVID LEASK

Scotland's housing market shrank by nearly £900m in the second quarter of this year, official figures have revealed.

Registers of Scotland yesterday said around 7500 fewer houses were sold in April-June 2008 than a year before, a drop of 19%.