Scots house prices keep in­creas­ing year-on-year

The Herald - - FRONT PAGE -

PROP­ERTY prices in Scot­land have con­tin­ued to rise year-onyear, ac­cord­ing to the lat­est monthly UK House Price In­dex.

It showed the av­er­age price of a prop­erty north of the Bor­der in Septem­ber was £144,924 – an in­crease of 3.1 per cent on Septem­ber 2016.

How­ever, the fig­ure de­creased by 1.3 per cent when com­pared with the pre­vi­ous month.

The UK av­er­age is £226,367 – an in­crease of 5.4 per cent on Septem­ber 2016 and 0.4 per cent more than in the pre­vi­ous month.

A to­tal of 8,725 res­i­den­tial sales were recorded in Scot­land in July, 5.6 per cent fewer than in the same month in 2016.

Kenny Craw­ford, busi­ness de­vel­op­ment and in­for­ma­tion di­rec­tor, said: “Av­er­age prices have been steadily in­creas­ing since March 2016, when com­pared with the same month of the pre­vi­ous year.

“Res­i­den­tial sales vol­umes de­clined in July. The an­nual de­crease on July 2016 in Scot­land was the small­est across the UK.”

The top five lo­cal au­thor­i­ties for July sales vol­umes were the Ed­in­burgh, Glas­gow , Fife, and North and South La­nark­shire.

Av­er­age price in­creases were recorded in 30 out of 32 lo­cal au­thor­i­ties in Septem­ber 2017, when com­par­ing prices with the pre­vi­ous year.

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