Get all your news in one place.
100's of premium titles.
One app.
Start reading
Insider UK
Insider UK
Business
Hamish Burns

House prices in Scotland rose £5,600 last year outstripping rest of Britain every month

Average home prices in Scotland rose by £5,675 to £184,324 in the year to January, according to the Your Move/Acadata House price Index.

The 3.2% meant growth meant the Scottish market outperformed England and Wales every month since December 2017.

Edinburgh property market shows no signs of slowing, says estate agent  

The number of sales was down compared with 2017 but were 4% higher in the last quarter than in the same period that year.

Steve Hardaker, Your Move managing director in Scotland, said: “The market in Scotland continues to grow robustly with properties across all price brackets making it an incredibly attractive market.”

Prices in Edinburgh were up 10.4% annually, according to the figures, rising to £289,327 at the end of January - the seventh time in 12 months that Edinburgh recorded double-digit annual price growth.

Alan Penman, business development manager for Walker Fraser Steele, one of Scotland’s oldest firms of chartered surveyors and part of the LSL group of companies, said: “Edinburgh’s strength is remarkable in its own right, but compared to the rest of the UK and the other major cities it’s a phenomenon.”

Prices in England fell 0.5% for the year - the lowest rate in the country since March 2012 - while prices in Wales rose by 3%.

Number of properties on market fall for nine months in a row as Brexit holds buyers and sellers back  

East Lothian  was up 7.1% annually), Perth and Kinross 7%, North Lanarkshire 5.4% and Midlothian 5.4%. Stirling was up 6.1% annually, Moray 5.8% and West Dunbartonshire 6.9%. In the Western Isles, the most affordable local authority area,, prices were up 7.1%. In the Scottish Borders, prices fell 15% and 7.3% in January alone. Prices in Glasgow were down 2.3%.

Acadata's index uses Registers of Scotland data on every house sold during the year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.