THE average price of a house in Scotland during the month of December last year was £180,485 – some 11.2 per cent up on the same month the previous year.
Says the Registers of Scotland (RoS), £180,485 represents a 1.8 per cent decrease on the previous month, November 2021.
The RoS adds that UK average house price was £274,712, which was an increase of 10.8 per cent on December 2020 and an increase of 0.8 per cent on the previous month.
Says RoS, here: “The volume of residential sales in Scotland in October 2021 was 10,228, a decrease of 16.2 per cent on the original provisional estimate for October 2020 and an increase of 8.2 per cent on October 2019.
“This compares with decreases of 66 per cent in England and 45.7 per cent in Wales to October 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 16.7 per cent in the year to December 2021 to £330,461. Flatted properties showed the smallest increase, rising by 5.9 per cent in the year to December 2021 to £122,189.
“Average price increases were recorded in all 32 local authorities, when comparing prices with the previous year. The largest increase was in Fife where the average price increased by 16 per cent to £166,836. The smallest increase was recorded in City of Aberdeen, where the average price increased by 3.5 per cent to £148,251.”
Picture credit: Place Design Scotland