House prices, Scotland, January 2023

THE average price of a house in Scotland during the month of January this year was £185,016 – one per cent up on the same month 12 months previously.

Says the Registers of Scotland (RoS), £185,016 represents a 0.5 per cent decrease on the previous month, December last year.

The RoS adds that UK average house price was £289,818, which was an increase of 6.3 per cent on December 2021 and 1.1 per cent down on the previous month.

Says RoS, here: “The volume of transactions over the 11 months to November 2022 show levels similar to the pre-pandemic period in 2019.

“In Scotland, detached properties showed the biggest increase out of all property types, rising by 3.1 per cent in the year to January 2023, to £340,647. Flatted properties showed a decrease, falling by 1.8 per cent in the year to January 2023, to £124,110.

“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 29 out of 32 local authority areas, when comparing prices with the previous year.

The largest increase was in Clackmannanshire where the average price increased by 12.4 per cent to £171,538. The largest decrease was recorded in City of Aberdeen, where the average price decreased by 4.4 per cent to £136,742”

Pictured: Approaching Morningside, Edinburgh, Picture credit: Place Design Scotland

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