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Property market improves across Scotland’s seven cities

As the housing market across Scotland shows signs of recovery, all seven cities have seen substantial increases in the numbers of properties sold, according to recent statistics by Registers of Scotland.

Edinburgh recorded the largest percentage rise in the number of sales, with an increase of 24.9% in 2013 compared to the previous year. Edinburgh also overtook Glasgow as the city with the highest sales volume, with 9,412 residential house sales. The lowest increase was seen in Dundee, which achieved a 13.9% rise in transactions.

Price change was more mixed. Prices rose 1.4% in 2013 across Scotland, with the housing market in the city of Aberdeen remaining particularly resilient seeing an increase of 6.%. This took the average price there to £194,291. The largest percentage fall in price was found in Stirling, which showed a drop of 4.1% with an average price of £144,352.

Registers of Scotland’s Head of Data, Hugh Welsh, said:

“This is further confirmation of increased activity in the Scottish property market, and reinforces the findings of our most recent quarterly house price statistics. There’s been a lot of activity in the property market across all seven cities, but particularly in the capital where the number of sales increased by 24.9% on the previous year.”

Contains public sector information licensed under the Open Government Licence v2.0.

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