Scots house prices keep increasing year-on-year
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.