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Property sales increase in Scotland

The total volume of property sales across Scotland has increased by 8.1% compared to the same period one year ago, according to the latest figures from Registers of Scotland (RoS).

This has been consistent with the previous two quarters, with RoS figures now showing a gradual sales volume increase over the previous nine months. The figures also show that:

  • During the first quarter, April to June 2013, the average price of a residential property in Scotland decreased by 0.3%.
  • All property types showed an increase in sales volumes with Flatted property types showing the biggest increase in sales volumes by 16.5%.

Registers of Scotland’s Director of Commercial Services, Kenny Crawford commented:

“Across Scotland, some areas are experiencing significant price increases. In particular, Aberdeenshire is performing well, with an average price of £215,589. This is a 5.6% rise from the same period a year ago. East Renfrewshire recorded the highest percentage price rise of 6.2%. However, prices in Argyll and Bute have experienced a drop of 11.9%.

“Looking at the property type volumes, Detached, Semi Detached and Terraced properties all showed a decrease in average price this quarter, with Terraced properties showing the biggest decrease at 2.9%. The average price of Flatted properties has remained the same as last year’s quarter. Nevertheless, the average price of a residential property this quarter was £153,102 which is a decrease when compared with last year’s figures.”

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