House price index, Scotland, Sept 2020

THE average price of a property in Scotland in September 2020 was £161,510, an increase of 4.3 per cent on 12 months previous, according to the latest provisional statistics from the UK HPI

Adds the statistics, house prices in Scotland increased by 4.4 per cent between August 2020 and September 2020.

The UK average house price was £244,513 which was an increase of 4.7 per cent on September 2019 and an increase of 1.7 per cent on the previous month.

The survey goes on to report: “The volume of residential sales in Scotland in July 2020 was 4,982, a decrease of 43.7 per cent on the original provisional estimate for July 2019.

“This compares with a decrease of 30.1 per cent in England, 47.2 per cent in Wales, and 68.3 per cent in Northern Ireland (Quarter 2 – 2020 compared with same quarter in the previous year).

“In Scotland, semi-detached properties showed the largest increase, rising by 5.6 per cent in the year to September 2020 to £169,522. Flatted properties showed the smallest increase, rising by 2.7 per cent in the year to August 2020 to £115,847.”

It adds: “Average price increases were recorded in the majority (22) of local authorities, when comparing prices with the previous year. The largest increase was in South Ayrshire, where the average price increased by 8.1 per cent to £149,168. The largest decrease was recorded in City of Aberdeen, where the average price fell by 7.9 per cent to £135,595.”

Source: Registers of Scotland, November 18 2020, here.