Average house prices in Scotland reach new record level

The average house price in Scotland reached a new record level this summer. At the end of July, the average price stood at £207,877.00. This was up £5,950.00 or 2.9% on June, which is the largest increase in a month for over 6 years.

Figures revealed showed that 2021 has had the highest number of sales over £750,000.00 of the past 7 years.

In July, all bar one of the 32 Local Authorities saw their average prices rise over the previous 12 months (with the exception of the Western Isles where only 25 sales took place).

There were 12 Local Authorities which reached a new record in average house prices, up from 4 in June. Among these were the Orkney Islands where the average was up almost 10% in the previous month and 30% on July last year.

On the Scottish Mainland, the highest annual July increase was in the Borders, up 23.2%.

Whilst these figures are very interesting and certainly encouraging news if you are a Seller, our property team at Raeside Chisholm are happy to assist with your purchase or sale in Scotland, whether it is in the Highlands and Islands, the central belt, the Borders or anywhere in between, and whatever your budget is.

Contact our Property Lawyers Glasgow, Scotland

Please do not hesitate to contact us on 0141 248 3456.