Scotland
UK
Ireland
London
House prices in Scotland continued to increase in the third quarter of 2014/15, a new survey has revealed.
The report, published by Registers of Scotland (RoS), found that the average house price in Scotland for Q3 was £165,197, a rise of 3.4% when compared to the same period in 2013.
From October to December 2014, the total value of sales across the country also surged by 3.1%, compared to the previous year to just under £4.2bn.
The highest percentage rise was found in Moray (21.7%) compared to the previous year.
North Ayrshire had the highest percentage rise in average price compared with the same quarter in 2013, up 17.1% to £124,260; while Aberdeenshire had the highest average at £232,331 – an increase of 5.0%. As for the largest percentage fall in prices, this was found in Falkirk, with a 4.3% drop to an average price of £123,180.
During the third quarter, the total volume of sales across Scotland was 25,413, a fall of 0.3% on the same quarter the previous year. Argyll and Bute showed the largest percentage rise in the number of sales with an increase of 18.2% compared to the same period in the 2013, while the City of Edinburgh recorded the highest sales volume with 2,924 residential sales, a fall of 1.5% on the previous year. The largest percentage decrease was in Stirling, with a decrease of 14.2%.
Elsewhere, the statistics revealed that all property types – with the exception of detached properties – revealed an increase in average house price in the quarter. The largest was with semi-detached properties (5.5%). With the exception of flats, all property types experienced a decrease in sales volumes, with detached properties recording the biggest decrease (4.2%).
Commenting on the latest 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 £656 million, an increase of 2.8% compared with the same quarter in 2013."
(JP/IT)
