Average Property Prices increase by 3.5 per cent to £167,765

0
2

THE Registers of Scotland published statistics today showing that the average price of a residential property in Scotland increased by 3.5% .

The average price of a residential property is now £167,765, the highest figure recorded for this quarter since Registers of Scotland began compiling quarterly statistics in 2003.

Edinburgh property costs  £237,286 on average
Edinburgh property costs £237,286 on average

 

The highest percentage rise was recorded in West Dunbartonshire, with an average price of £120,822, a
rise of 10.1% compared with the same quarter the previous year.

Edinburgh City recorded the highest average at £237,286, a rise of 4.4% compared with the same quarter the previous year.

The largest percentage fall in price was in East Renfrewshire, which showed a drop of 7.0% with an average price of £216,565.

Glasgow City showed the largest percentage rise in the number of sales with an increase of 17.6%
compared to the same period in the previous year.

This increase brought Glasgow City above the City of Edinburgh in terms of volume with 3,035 residential house sales compared to 3,002 in Edinburgh.

 

NO COMMENTS