THE average price of a house in Scotland during the month of April was £187,954 – some 16.2 per cent up on the same month last year.
Says the Registers of Scotland (RoS), £187,954 represents a three per cent increase on the previous month, March 2022.
The RoS adds that UK average house price was £281,161, which was an increase of 12.4 per cent on April last year and an increase of 1.1 per cent on the previous month.
Says RoS, here: “The volume of residential sales in Scotland in February 2022 was 6,435, a decrease of 10.6 per cent on the original provisional estimate for February 2021 and an increase of 12.2 per cent on February 2020.
“This compares with decreases of 31.7 per cent in England and 9.1 per cent in Wales to February 2022, whilst sales volumes decreased by 19.3 per cent in Northern Ireland when analysing Quarter 1 – 2022 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 22.5 per cent in the year to April 2022 to £346,753. Flatted properties showed the smallest increase, rising by 10.4 per cent in the year to April 2022 to £126,446.
“Average price increases were recorded in 31 out of 32 local authorities, when comparing prices with the previous year. The largest increase was in Scottish Borders, where the average price increased by 22.9 per cent to £203,485. The smallest increase was recorded in Inverclyde, where the average price increased by 3.6 per cent to £111,462.”
Picture credit: Place Design Scotland