House prices, Scotland, January

THE average price of a house in Scotland during the month of January was £182,786 – some 10.8 per cent up on the same month the previous year.

Says the Registers of Scotland (RoS), £182,755 represents a 2.2 per cent increase on the previous month, December 2021.

The RoS adds that UK average house price was £273,762, which was an increase of 9.6 per cent on January 2021 and an increase of 0.4 per cent on the previous month.

Says RoS, here: “The volume of residential sales in Scotland in November 2021 was 9,457, an decrease of 20.1 per cent on the original provisional estimate for November 2020 and an increase of 4.0 per cent on November 2019.

“This compares with decreases of 50.4 per cent in England and 35.3 per cent in Wales to November 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 14.9 in the year to January 2022 to £329,106. Flatted properties showed the smallest increase, rising by 7.3 per cent in the year to January 2022 to £126,026.

“Average price increases were recorded in all 32 local authorities, when comparing prices with the previous year. The largest increase was in West Lothian where the average price increased by 17.2 per cent to £202,668. The smallest increase was recorded in City of Aberdeen, where the average price increased by 0.4 per cent to £145,499.”

Picture credit: Place Design Scotland

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