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Poll Shows Mixed Reactions from Scots over Effect of Independence on Home prices

Scotland and England may soon get a divorce, but what effect will the separation (if there is one) have on home prices in the "greatest country on earth"?

A new poll by s1Homes showed that the Scots are divided over the effect of independence on property prices. About one third of the people polled believe that the separation would drive up prices and another one third think that it would make property cheaper.

Thirty two percent of the people surveyed thought that the separation would lead to a fall in their home values, while 31 percent said the values would increase. Twenty four percent of the people quizzed said they couldn't guess, while 13 percent said Scotland wouldn't get a "Yes" vote for separation.

People aged above 65 years believed that home values would fall and those aged between 18 and 24 years thought it would increase.

Forty six percent of the people thought that getting a mortgage after the separation would be harder, while only 19 percent said it would be easier. Thirty five percent said it wouldn't make a difference.

The survey also found that people living outside Scotland wouldn't make a property purchase until Thursday's referendum, with about 50 percent saying it was a bad time to buy or sell.

There was also a gender divide on the opinion, with more men thinking that the separation would affect property prices. Majority of the women didn't know if the situation would impact home values.

Ewan Stark, the managing director of s1Homes, said that the poll shows a certain "feeling of trepidation" among the Scots on the future of mortgages and interest rates.

"The prospect of independence continues to divide the country and the results of our survey reveal that there is little agreement on what independence would mean for Scotland's property market either," Stark told Property Wire.

The separation of Scotland from England isn't being encouraged by the leaders. More recently, U.K. Prime Minister David Cameron made an emotional speech to the people of Scotland to reconsider their appeal to separate.

"We want you to stay," Cameron said. "Head and heart and soul, we want you to stay. Please don't mix up the temporary and the permanent. Please don't think: 'I'm frustrated with politics right now, so I'll walk out the door and never come back.'"

"If you don't like me - I won't be here forever. If you don't like this government - it won't last forever. But if you leave the UK - that will be forever," he added.

And, though the U.S. administration has been neutral about the separation, a spokesperson for president Barrack Obama told USA Today:

"We certainly respect the right of individual Scots to make a decision along these lines. But, you know, as the president himself said, we have an interest in seeing the United Kingdom remain strong, robust, united and an effective partner."


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