Houses prices are at their highest level since records began, according to official statistics published today by Registers of Scotland.
The average house price in Scotland in the second quarter was £170,190, up 5.2 per cent on the same period in 2013. This is the highest figure since the Registers of Scotland began compiling quarterly house price statistics in 2003.
This is the second consecutive quarter in which the annual increase in average house price has risen by over 5 per cent, bringing the average property price above pre-economic downturn levels, to just over £170,000.
It remains to be seen what effect the post- referendum market will have on property prices, but these figures do show the strength of the property market during 2014.
We are delighted that our sales figures have also been very strong for 2014, with our average sale price for the year to date being £186,000, nearly 9% above the national average. If you want to maximise the return on your sale contact our Property Team.