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Scottish House Price Rise Figures 2007-10-19

Posted by clype in Money, Scotland, Statistics.

House prices have continued to rise faster in Scotland than in the rest of the UK, new research has shown.

The Bank of Scotland house price index revealed that the cost of an average home rose by 14 per cent in Scotland in a year, compared with just over 10 per cent in the UK.
Inverurie and Greenock saw the highest rises, but Edinburgh remains Scotland’s most expensive area to buy property.

  • The study also revealed an average home in Scotland costs 141 158 GBP, nearly a third lower than in the UK as a whole.

Edinburgh, Aberdeen and Inverurie, in Aberdeenshire, are the only three towns and cities in Scotland with an average price over 200 000 GBP.

Inverurie saw the largest rise in the past year, at 35 per cent, closely followed by a 32 per cent increase in Greenock.

The most affordable town in Scotland is Clydebank, with prices rising 11 per cent to just over 120 000 GBP.

Martin Ellis, the Bank of Scotland’s group economist, said:

‘House prices in Scotland are still the most affordable in the UK, despite an annual rise of 14.2 per cent.

‘Partly because of higher prices in Aberdeen, we are now seeing something of a “ripple effect” to the rest of Aberdeenshire.’



1. thefriendlylawyer - 2011-07-21

Don’t we all wish this was still the case! Why not request a free copy of my new Guide to the property market in 2011? visit http://www.thefriendlylawyer.co.uk

The Friendly Lawyer

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