House prices in Motherwell, North Lanarkshire rose at the highest rate in Scotland in 2021, recording the largest increase in both percentage terms at 17.3% and in cash terms at £26,103.00, rising to £177,118.00.
According to figures issued by the Bank of Scotland, average house prices across Scotland climbed by 8.8% in 2021 – substantially ahead of the UK increase of 6.2%.
The average Scottish home costs £207,778.00 up £16,761.00 on the 2020 figure.
Average house prices dropped in only two of the Scottish towns included in the study (Airdrie & Coatbridge) compared to 7 in 2020. Airdrie recorded the largest fall with a drop of 3.8% to £150,874.00
Edinburgh remains the most expensive place to buy a home in Scotland with an average price of £293,406.00, up 7% on 2020.
No matter where you are looking for a property or your budget, the experts in our conveyancing department will be pleased to help if you contact us on 0141 248 3456.