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Latest Scottish house price index

The April House Price Index from LSL Property Services and Acadametrics has show that Scottish house prices have risen for the second successive month.

The report has also shown that:

  • House sales are 12% higher in first four months of 2012 compared to 2011.
  • House prices have recovered to same level as five years ago.
  • There have been strong annual price rises in Aberdeen and Edinburgh.

The report shows that in April, the average price paid for a house in Scotland rose by 0.3%. Over the last year there have been five months in which prices have risen, six months in which they have fallen and one month when prices remained static. On an annual basis prices are -0.6% lower than April 2011, but are almost identical to July 2011. The report therefore concludes that prices over the last year have been stable, with minor oscillations taking place on a monthly basis.

Richard Sexton, director of e.surv chartered surveyors, part of LSL, commented: “The housing market is coping admirably with the treacherous economic conditions swirling around it. Prices have risen for the second month in a row, suggesting the market may have turned a corner following a difficult winter period when prices fell for four consecutive months.”