Scottish House Prices Continue To Rise
Average house prices in Scotland have risen by 1.57% between June 2022 and May 2023 and recorded substantial variations across the country.
Edinburgh had the largest increase among Scotland’s main cities over the year rising by 3.35% with May’s figure of £334,118 the second highest ever recorded. Aberdeen average prices rose by 0.81% while Glasgow was down 1.68% and Dundee fell 3.59% over the year.
There have been enormous regional variations within Scotland with East Lothian having the highest increase of 16.31% over the year; Inverclyde was up 4.96%; and North Lanarkshire rose 1.66%.
Within different property types, there has been an enormous range of increase in values with detached homes substantially outperforming the rest of the market. Again, East Lothian is far ahead of the rest of the country with the average price of a detached home rising by £95,678 which is an 18.03% increase in 12 months.