House prices in Scotland – October 2021

THE average price of a home sold in Scotland during October 2021 was £181,391 – up 11.3 per cent on the same time last year.

Says the Registers of Scotland (here), £181,391 represented a 0.4 per cent increase on the average from the previous month.

ROS adds: “The volume of residential sales in Scotland in August 2021 was 9,743, an increase of 45.7 per cent on the original provisional estimate for August 2020.

“This compares with decreases of 44.2 per cent in England and 25.9 per cent in Wales to August 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.”

Meanwhile, the UK average house price was £268,349, which was an increase of 10.2 per cent on October 2020 and a decrease of 1.1 per cent on the previous month.”

It continues: “In Scotland, detached properties showed the biggest increase out of all property types, rising by 15.9 per cent in the year to October 2021 to £325,402. Flatted properties showed the smallest increase, rising by 8.1 per cent in the year to October 2021 to £125,604.

“Average price increases were recorded in all 32 local authorities, when comparing prices with the previous year.

“The largest increase was in Midlothian where the average price increased by 20.3 per cent to £228,317. The smallest increase was recorded in Angus, where the average price increased by 6.5 per cent to £163,013.”

Picture credit: Place Design Scotland