A steady price hike


The most recent publication of the monthly UK House Price Index (UK HPI) shows that the average property price in Scotland in October 2017 was £143,544 – an increase of 2.8 per cent on October in the previous year and a decrease of 0.7 per cent compared to the previous month.

In North Ayrshire there was a 6.3 per cent rise, with the average property price in October 2016 increasing from £97,977 to £104,124 in 2017.

In South Ayrshire a rise of 4.7 per cent was witnessed, with average property prices rising from £128,615 in 2016 to £134,600. Registers of Scotland’s Janet Egdell said: “Average prices in Scotland continued their upward trend in October with an increase of 2.8 per cent when compared to October 2016.

Average prices have been steadily increasing each month since March 2016, when compared with the same month of the previous year. “Residential sales volumes increased in August.

The annual increase of 7.4 per cent when compared with August 2016 in Scotland compares to decreases across the rest of the UK. The cumulative volume of sales for Scotland for the financial year to date was 45,341.

This is an increase of 11.3 per cent on the equivalent year to date position for August 2016.” The top five local authorities for August sales were the City of Edinburgh (1,190 sales), Glasgow City (1,109 sales), Fife (632 sales), South Lanarkshire (553 sales) and North Lanarkshire (448 sales).

Source: s1homes Ayrshire magazine

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