Latest Information Regarding Property Prices

The Registers of Scotland have published the following information regarding property prices in Scotland.

  • The average price of a residential property in Scotland has shown an increase of 0.6% during the second quarter of the financial year 2016/2017 compared with the same period in the previous year, with the highest rise of 9.7% being reported in East Renfrewshire.
  • The highest percentage fall was recorded in Aberdeen which reported a decrease of 7.5% in average price compared to the same quarter the previous year to £200,790
  • The volume of residential property sales in Scotland in the quarter July to September was 269,824- a decrease of 1.1% compared to the previous year.
  • Edinburgh recorded the highest volume of sales at 3,334, a fall of 3.2% compared with the same quarter the previous year.
  • The total value of sales across Scotland registered in the quarter July to September decreased by 0.5% compared to the previous year to just under £4.2 billion.
  • The City of Edinburgh was the largest market with sales of £806.2m for the same quarter, an increase of 2.3% on the previous year.
  • Aberdeen showed the largest decrease in market value of 31.6% to £209m compared to the same quarter last year.
  • Detached and semi detached properties showed an increase of 0.3% in the average price for these types of properties, while terraced and flatted properties decreased by 3.1% and 0.7% respectively. The average price for a detached property is £249,462 while a semi detached property is £160,903.
  • The volume of sales of terraced properties increased by 3.9%

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