MacNairs + Wilson

2 minutes reading time (300 words)

House prices up and a fall in property sales, in latest figures

Property prices in Scotland are rising steadily while the volume of sales declines, according to new data from the Registers of Scotland - albeit, at a slower rate compared to the rest of the UK.

Property Price – Scotland v the UK

According to the latest publication of UK House Price Index, the average price of a property in Scotland was £150,472 - up 4.8% from June 2017, and 0.8% higher than the previous month. This compares to a UK average of £228,384 - a 3.0% rise against the previous year and an increase of 0.4% compared to May 2018.

Drop in Property Sales, Scotland

Meanwhile, across Scotland there were 7,371 residential sales in April 2018, which indicates a 9.4% fall in the volume of sales from April 2017 - compared with the year-on-year declines of 19.3% in England, 13.9% in Wales, and Northern Ireland’s 13.0% for quarter 2 of 2018.

House Price Average & Sales

In June, a rise in house price averages was recorded in 27 of the 32 Scottish local authorities, with the most significant increase in West Lothian (11.3%), followed by 9.2% in both Midlothian and City of Edinburgh. The largest decrease in property prices was noted in Aberdeenshire (3.7%) and City if Aberdeen (2.8%).

In April 2018, a spike in sales volumes was recorded in only four local authorities compared with the previous year: East Lothian, Perth & Kinross, Dundee and Clackmannan. The biggest decreases were recorded in Argyll & Bute (33.0%), Stirling (23.9%) and Inverclyde (23.3%).

Property Type

The publication also indicated semi-detached properties had the biggest price increase (6.0%), followed by terraced properties (5.9%), flatted properties (4.5%) and detached properties (3.3%).

Contact Us

If you need expert legal advice on buying and selling properties in Scotland, contact our specialist property law solicitors today.

Unmarried claimant of widowed parent's allowance w...
Report Reveals Expected Levels of Intergenerationa...

Make an enquiry


Your Name(*)
Please let us know your name.

Email Address(*)
Please let us know your email address.

Phone number(*)
Please write a subject for your message.

Which Macnairs + Wilson branch?(*)
Which Branch?

Please let us know your message.

Invalid Input

Call us

Paisley: 0141 887 5181

Glasgow: 0141 551 8185