News In Focus
Marginal year-on-year house price rise in latest quarter: Registers
Average house prices across Scotland were slightly up in the third quarter on 2016-17 over the same period a year before, but down on the preceding quarter, according to new figures from Registers of Scotland.
The mean figure nationwide between October and December 2016 was £168,495, up just 0.5% on the £167,641 over the same period in 2015, but down 1.1% on the £170,380 recorded for July-September 2016.
Biggest annual gains were in Shetland (15.8%), Falkirk (11.2%) and Dumfries & Galloway (11.1%), while falls of 13.4% were recorded in North Ayrshire, 12.1% in Inverclyde and 9.9% in Aberdeenshire.
Price growth in Edinburgh matched the national average, but Glasgow showed 7% growth and Dundee 5.8%, while Aberdeen prices were down 4.7% on average.
Despite the low average growth, only seven of Scotland's 32 local authority areas showed price falls over the year.
Transaction volume for the whole country was virtually unchanged, down just 0.1% at 28,088 sales compared with 28,107 the year before. Shetland (up 16.9%) was just ahead of Renfrewshire (up 16.7%), while double digit increases were also seen in Clackmannanshire (13.3%) and Falkirk (12.9%). However transactions in Aberdeenshire were down by 22%, in Na h-Eileanan Siar by 18.7%, in Aberdeen city by 16.3% and in East Renfrewshire by 12.2%. Dundee showed 4.3% volume growth but Edinburgh was down 4.9% and Glasgow 4.8%, among 12 local authority areas to show a fall.
Across Scotland, semi-detached properties showed a price gain of just under 1%, but other house types were down by just over 2% on average over the year.
Click here to access the full statistical report.