House prices, Scotland, June 2023

THE average price of a house in Scotland during the month of June was £189,000 – the same as June last year.

Says the Registers of Scotland (RoS), £189,000 represents a 0.4 per cent drop on the previous month, May, this year.

The RoS adds that UK average house price was £288,000, which was an increase of 1.7 per cent on June last year and 0.7 per cent up on the previous month.

Says RoS, here: “The volume of residential sales in Scotland in April 2023  was 6,902 , a decrease of 18.6 per cent on the original provisional estimate for April 2022.

“In Scotland, only semi-detached properties showed an increase in average price when compared to June 2022 increasing by 0.6 per cent in the year to June 2023, to £202,000.  Detached properties showed the only decrease out of all property types, falling by 0.6 per cent in the year to June 2023, to £339,000. Terraced and flatted properties showed no change when compared to June 2022.

“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 18 out of 32 local authority areas, when comparing prices with the previous year. The largest increase was in East Lothian where the average price increased by 16 per cent to £339,000. The largest decrease was recorded in West Dunbartonshire, where the average price decreased by 6.7 per cent to £131,000.”

Picture credit: Place Design Scotland

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