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The latest UK House Price Index from Registers Scotland shows the average price of a property in Scotland in March this year was £137,139 – up 0.7% compared to March 2016, albeit 1.0% less compared to the previous month – while the UK average of £215,848 is 4.1% higher for the same period year-on-year.
Residential sales volumes in Scotland in January this year saw a 2.0% increase year-on-year, compared to decreases in sales volumes in England, Wales and Northern Ireland.
Across Scotland, all property types – with the exception of flats – showed an increase in average price in March 2017 compared to the previous year. The biggest price gains were in the semi –detached category, which rose 2.3% to £144,261, while flats dipped marginally by 0.1% to £98,012.
As always, statistics based on averages give a general snapshot and are easily skewed.
For more detailed information on market conditions within the Borders region – and the supply and demand within your area specifically – contact your local BSPC member firm whose advice is based on experience and intimate knowledge of current market conditions relevant to your needs.
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