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Registers of Scotland’s latest property statistics

Second quarter statistics for Scottish property sales from the Registers of Scotland have revealed a 2.1% dip in the number of houses sold compared to the same period last year.

In addition, the average price of a home in Scotland dropped by 2.3%, taking the cost of a residential property to £159,310.

Registers of Scotland’s Director of Commercial Services Kenny Crawford remarked:

“Glasgow had the most sales with 2,198; nudging the city ahead of Edinburgh where 15 fewer properties changed hands. Prices in Edinburgh grew modestly, with the average cost of a home in the capital increasing by 1.4%. Edinburgh remains the most expensive place to buy in Scotland, followed by East Dunbartonshire and East Lothian. Meanwhile in Glasgow, average values dropped 5.1%.

“Figures varied widely from local authority area to area. East Dunbartonshire saw a significant 10.5% rise in volume of sales, alongside an 8% increase in average price, making it one of the strongest performing areas in Scotland.

“For first time buyers, the 2.3% drop in average values may be welcome news. As ever, taking that first step on to the property ladder is easier to achieve in some areas than others and our statistics can help potential buyers work out where these are.”