Just under half of Scottish householders anticipate that their home will increase in value over the next 12 months, according to new research by Clydesdale Bank. This is compared to only 25% at the same time last year.

These new statistics reflect a broader increase in confidence across the entire UK market, with areas previously jaded by the recession (such as the East of England) returning to a more positive outlook. London remains a law unto itself in terms of rocketing property prices, leaving the rest of the country in its wake.

Andrew Pearce, retail director for Clydesdale Bank, said: "While some differences remain around the country, it is encouraging to see confidence returning to the property market so widely and so clearly.

"Without exception, there has been a strong rebound in confidence returning to the housing market in the last year across the regions. We are seeing this positive attitude reflected in the growing demand for mortgages, our own and in the wider market, and the overall level of housing transactions."

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