House prices, Scotland, February

THE average price of a house in Scotland during the month of February was £180,822 – some 11.7 per cent up on the same month the previous year.

Says the Registers of Scotland (RoS), £181,415 represents a 1.7 per cent decrease on the previous month, January 2022.

The RoS adds that UK average house price was £276,755, which was an increase of 10.9 per cent on February last year and an increase of 0.5 per cent on the previous month.

Says RoS, here: “The volume of residential sales in Scotland in December 2021 was 8,814, a decrease of 18.1 per cent on the original provisional estimate for December 2020 and an increase of 10.4 per cent on December 2019.

“This compares with decreases of 52.5 per cent in England and 47.3 per cent in Wales to December 2021, whilst sales volumes increased 62.6 per cent in Northern Ireland when 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 15.3 per cent  in the year to February 2022 to £327,827.  Flatted properties showed the smallest increase, rising by 9.6 per cent in the year to February 2022 to £124,587.

“Average price increases were recorded in 31 out of 32 local authorities, when comparing prices with the previous year.  The largest increase was in East Ayrshire where the average price increased by 20.1 per cent to £123,942. The smallest increase was recorded in City of Aberdeen, where the average price increased by 0.6 per cent to £143,591.”

Picture credit: Place Design Scotland

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