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Persimmon bailed out

December 4 2008

The Scottish Government has allocated £2.59m to housing associations in the Stirling area to buy unsold stock from the private sector.  This money will be used to purchase 34 houses in Cambusbarron from developer Persimmon Homes. 

At £76,176 each they represent a considerable discount in the Stirling market which has the highest house prices in Scotland, currently running at £194,892.

The funding announcement forms part of a wider £100m stimulus package designed to boost the flagging housing sector.

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