House prices, Scotland, November 2022

THE average price of a house in Scotland during the month of November last year was £191,492 – some 5.5 per cent up on the same month 12 months previously.

Says the Registers of Scotland (RoS), £191,492 represents a 1.2 per cent decrease on the previous month, October 2022.

The RoS adds that UK average house price was £294,910, which was an increase of 10.3 per cent on November 2021 and 0.3 per cent down on the previous month.

Says RoS, here: “The volume of residential sales in Scotland in September 2022 was, an increase of 6.6 per cent on the original provisional estimate for November 2021.”

It adds: “In Scotland, detached properties showed the biggest increase out of all property types, rising by 7.9 per cent in the year to November 2022 to £349,342. Flatted properties showed the smallest increase, rising by 1.8 per cent in the year to November 2022 to £128,696.

“Average price increases were recorded in 31 out of 32 local authority areas, when comparing prices with the previous year. The largest increase was in Midlothian where the average price increased by 13.2 per cent to £245,506. The only decrease was recorded in City of Aberdeen, where the average price decreased by 4.7 per cent to £140,392.”

Picture credit: Place Design Scotland

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