Raeside Chisholm Solicitors Blog

One question which we are often asked by clients is what is happening with the housing market, and whether prices are going to crash. Whilst we cannot answer this with certainty, what we can do is to provide our clients with the benefit of our experience over many years.

According to the latest provisional statistics from the UK House Price Index released by Registers of Scotland, Scotland’s property prices continued to soar in June 2022 . The average price reached £192,249, an increase of 11.6% on June 2021 and of 2.2% compared with May 2022. The UK average rose by 1.0% on the previous month, and 7.8% year on year, to £286,397.

The average Scottish home now costs more than £200,000 for the first time, as property prices rose last month by about £100 per day.

 We have tried to update our clients on trends in the Scottish property market, and for the last two years have been reporting on prices rising and rising – today’s report is no different!