Call us today on 0141 552 9193
GLP News

News, Comment & Opinions on the latest legal stories

Glasgow Law Practice White

Practice made perfect

House Prices Across Scotland Rise by 3.4%

According to the Registers of Scotland (RoS), house prices across the country have risen by 3.4% in the past twelve months.

The statistics, reported by Registers of Scotland, cover all residential sales between £20,000 and £1 million and includes that did not involve a mortgage.

The average cost of a home in Scotland now sits at approximately £167,000. At £227,905, East Renfrewshire was shown to have the most expensive average property price, while the average property price in Edinburgh and Aberdeen was £226,551 and £213,717 respectfully.

Rising by 21.7%, Moray was shown to have the highest percentage property price increase, while, in Falkirk, the average cost of a home dropped by 4.3% to £123,180

The figure from RoS also showed the total value of property sales across Scotland to have increased by 3.1% but the total volume of sales fell for the first time since 2012-13 dropping by 0.3% to 25,413

Commenting on the figures, Kenny Crawford, Registers of Scotland’s Director of Commercial Services, said:

“House prices have continued to rise this financial year, with average prices up by a minimum of 3.4% year on year for the last three quarters. We have also seen total values increase this quarter, with the city of Edinburgh remaining the largest market with sales of just over £656m, an increase of 2.8% compared with the same quarter in 2013.

Contact Us – Conveyancing & Estate Agency Lawyers in Glasgow

For legal advice regarding your property, for example if you are interested in buying a property anywhere across Scotland, contact us today using our online contact form.