News In Focus
House price figures show modest growth in July
The average price of a residential property in Scotland in July 2019 was £153,968, an increase of 1.4% on July 2018, according to the latest provisional statistics from the UK House Price Index.
Prices were also up by 0.7% on the previous month.
That compares with a UK average price of £232,710, up 0.7% on July 2018 and 0.5% on June 2019.
Average year-on-year price increases were recorded in 25 of the 32 Scottish local authorities. The largest increase was in East Dunbartonshire, where prices rose by 6.4%, closely followed by Dumfries & Galloway (6.3%) and Stirling (6.2%). The largest decrease (6.3%) was recorded in City of Aberdeen (though Aberdeenshire was up 0.4%), followed by South Ayrshire at 4.2%.
The volume of residential sales in Scotland in May 2019 was 9,540 – an increase of 19% on the original provisional estimate for May 2018, with increases in all areas except Stirling and Na h-Eileanan Siar. In contrast, volume growth in England & Wales was 2-3%.
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