House prices in the UK are sitting 30 per cent higher on average than the previous market peak in 2007.
The average price for property in Scotland, according to Zoopla, is £216,934 for July 2021 which is a 1.91% increase from the last three months.
The property marketing company currently estimates that in the last 12 months, there has been a 9.05 per cent increase in house prices in Scotland.
The average UK house price in June hit a new high of £230,700 and in December 2020, the average UK house price was £177,300.
That means property values were 5.4 per cent higher this year compared to last.
The analysis said that stock shortages are helping to push up prices.
There was a 25 per cent fall in the volume of homes for sale in the first half of the year compared to the same period in 2020, Zoopla said.
Looking at different property types, the search for space has pushed up the average price of a house by 7.3 per cent over the past year.
By contrast, demand for flats has failed to keep pace and, as a result, prices growth is lagging at 1.4 per cent, Zoopla said.
Grainne Gilmore, head of research at Zoopla, said: “Demand for houses is still outstripping demand for flats.
“To a certain extent this trend will have been augmented by the stamp duty holiday, with bigger savings on offer for larger properties – typically houses
“But underneath this, there is a continued drum-beat of demand for more space among buyers, both inside and outside, funnelling demand towards houses, resulting in stronger price growth for these properties.”
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