Markets are picking up


The latest UK House Price Index from Registers Scotland shows the average price of a property in Scotland in March this year was £137,139 – up 0.7 per cent compared to March 2016, albeit one per cent less compared to the previous month – while the UK average of £215,848 is 4.1 per cent higher for the same period year-on-year. Residential sales volumes in Scotland in January this year saw a two per cent increase year-on-year, with most activity in Edinburgh City, Glasgow City, South Lanarkshire, Fife and North Lanarkshire.

All property types – with the exception of flats – showed an increase in average price in March 2017 compared to the previous year. The biggest price gains were in the semi-detached category, while flats dipped marginally. The local authority area showing the biggest year-on-year price increase in March was East Dunbartonshire, where the average price has risen 10.7 per cent to £196,332 – in contrast with Aberdeen City, where prices fell by 6.3 per cent to £163,050.

Source: heraldscotland

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