House prices, Scotland, February 2023
THE average price of a house in Scotland during the month of February this year was £180,287 – one per cent up on the same month 12 months previously.
Says the Registers of Scotland (RoS), £180,287 represents a 2.7 per cent decrease on the previous month, January, this year.
The RoS adds that UK average house price was £287,506, which was an increase of 5.5 per cent on December 2021 and one per cent down on the previous month.
Says RoS, here: “The volume of residential sales in Scotland in December 2022 was 7,735, a decrease of 12.2 per cent on the original provisional estimate for December 2021.
“In Scotland, detached properties showed the biggest increase out of all property types, rising by two per cent in the year to February 2023, to £324,742. Flatted properties were the only property type to show a fall in their average house price, falling by 0.5 per cent in the year to February 2023, to £123,098.
“Average prices for local authorities are based on a three-month moving average to help remove some of the volatility in the series. Increases were recorded in 27 out of 32 local authority areas, when comparing prices with the previous year. The largest increase was in Moray where the average price increased by 10.1 per cent to £188,242. The largest decrease was recorded in City of Aberdeen, where the average price decreased by 6.6 per cent to £131,603.”
Pictured: Towards the bottom of the Royal Mile, Edinburgh, Picture credit: Place Design Scotland
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