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Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.

Scottish house prices continue to climb

According to the latest figures from the UK House Price Index, as reported by the Registers of Scotland, Scottish house price growth has continued in July. 

The average price of a property in Scotland in July 2021 was £177,166.00.  Not only was this an increase of 2% on June’s prices, but is an increase of 14.6% on the figures from July 2020.  This is the highest reported increase for any month since January 2004, from when Scottish data for the UK House Price Index was first available.

Average year on year price increases were recorded in all 32 Local Authority areas ranging from 4.9% in Stirling and 5.7% in the city of Aberdeen, to 21.5% in the Scottish Borders and 29% in Inverclyde.  In Orkney and Shetland, where a small number of transactions can distort figures more, there were increases of 37.2% and 41.7% respectively.

There were registered residential sales in Scotland in May 2021 of 8,379 compared with 7,007 in April and 11,968 in March (before the end of the Land and Building Transaction Tax relief).  To give you the best chance of purchasing your ideal home, you should contact our property experts on 0141 248 3456.

Average house prices in Scotland reach new record ...
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Latest News

12 July 2022
Estate Agency
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. According to the Bank of Scotland, a typical property now cost £201,549, which is £18,142 more than a year ago. Inste...
24 June 2022
Estate Agency
 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! It has just been announced that Scotland could see prope...
18 May 2022
Estate Agency
House prices have risen to a record high in Scotland. Recent research by Halifax bank has revealed that the typical house in Scotland in April 2022 was priced at £196,471, and if inflation continues at the present rate, prices could re...
05 April 2022
Estate Agency
Demand for homes has more than doubled in parts of Scotland over the past year. Fresh data reveals the most sought after locations amid reports that buyers are paying up to 40% over the asking price. According to an analysis by Right Move, Scotland’s...
29 March 2022
Estate Agency
Mortgage data has shown that buyers save around £1400 a year compared to renters. The data from Halifax suggests that buyers save £115 a month on average on housing costs if they can afford to get on the property ladder. The survey compared the typic...
03 February 2022
Estate Agency
Figures from Nationwide Building Society show house price growth hit 11.2 percent in January, with this marking the strongest opening month to a year since 2005. The year on year pace of growth was faster than the 10.4% seen in December and the stron...

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