HOUSE prices in Inverclyde have fallen by almost £15,000 in the last year, according to a new report.
A new study by analysts Acadata shows a dip of 10 per cent in the 12 months up to April.
The average cost of a home in 2015 was just under £147,000 compared with nearly £132,000 this year.
But property experts say the figures are not a true reflection of the housing market.
John Tinsdale, senior housing analyst for Acadata, said: “The reason for this is that the housing market for the period February 2015 to April 2015 was ‘distorted’ by the introduction of the Land and Buildings Transaction Tax (LBTT) on April 1, 2015.
“This resulted in high-value transactions being brought forward by purchasers, ensuring that stamp duty was payable at the lower Stamp Duty Land Tax rates which existed on high-value properties prior to the introduction of the LBTT."
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