House prices in Scotland – November 2021

THE average price of a house in Scotland during the month of November last year was £182,755 – some 11.4 per cent up on the same month the previous year.

Says the Registers of Scotland (RoS), £182,755 represents an one per cent increase on October 2021, the previous month.

The RoS adds that UK average house price was £270,708, which was an increase of 10.1 per cent on November 2020 and an increase of 1.2 per cent on the previous month.

Says RoS, here: “The volume of residential sales in Scotland in September 2021 was 9,250, a decrease of nine per cent on the original provisional estimate for September 2020.

“This compares with decreases of 23.4 per cent in England and 36.9 per cent in Wales to September 2021, whilst sales volumes increased 62.6 per cent in Northern Ireland analysing Quarter 3 – 2021 relative to the same quarter in the previous year.”

It goes on to say: “In Scotland, detached properties showed the biggest increase out of all property types, rising by 15.7 per cent in the year to November 2021 to £328,504.

“Flatted properties showed the smallest increase, rising by 7.7 per cent in the year to November 2021 to £126,255.

“Average price increases were recorded in all 32 local authorities, when comparing prices with the previous year. The largest increase was in Argyll and Bute, where the average price increased by 18.6 per cent to £181,701.

“The smallest increase was recorded in Angus, where the average price increased by 6.4 per cent to £163,778.”

Picture credit: Place Design Scotland