House prices, Scotland, December 2022

THE average price of a house in Scotland during the month of December last year was £187,224 – some 5.7 per cent up on the same month 12 months previously.

Says the Registers of Scotland (RoS), £187,224 represents a 2.9 per cent decrease on the previous month, November 2022.

The RoS adds that UK average house price was £294,329, which was an increase of 9.8 per cent on December 2021 and 0.4 per cent down on the previous month.

Says RoS, here: “Transaction volumes over the first ten months of 2022 appear to be at levels similar to the first ten months of the pre-pandemic period of 2019.

“In Scotland, detached properties showed the biggest increase out of all property types, rising by 8.8 per cent in the year to December 2022 to £343,027. Flatted properties showed the smallest increase, rising by 2.4 per cent in the year to December 2022 to £125,571.

“Average price increases were recorded in 31 out of 32 local authority areas, when comparing prices with the previous year. The largest increase was in Midlothian where the average price increased by 12.5 per cent to  £242,603. The only decrease was recorded in City of Aberdeen, where the average price decreased by four per cent to £139,347.”

Pictured: Millerhill, Edinburgh, Picture credit: Place Design Scotland

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