Scottish prices rise

Property ladder

The latest UK House Price Index from Registers of Scotland reveals the average price of a property in Scotland in August this year was £146,354 – up 3.9 per cent on the same time in 2016.

Sales volumes have also continued to rise, while sale in England have decreased by 11 per cent year-on-year.

The latest Your Move/Acadata index also shows the housing market in Scotland continues to defy the UK slowdown. Prices grew for the seventh month in August, rising by 0.5 per cent. Annual growth in Scotland now stands at 4.8 per cent, compared to 2.1 per cent in England and Wales.

Only the east of England, up 4.5 per cent annually, comes close to growth seen here.

The average house price in Scotland at the end of August was £176,876. Christine Campbell, Your Move managing director in Scotland, says: “Housing in Scotland continues to shake off the uncertainty we are seeing elsewhere.

Here, low interest rates, high employment and prices that are still affordable are supporting continued robust growth.”

Source: heraldscotland

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