Latest house price figures show further modest growth

The average price of a property in Scotland rose 1.4% to £153,692 in the 12 months to October, though it dipped by 0.9% on September's figure, according to the latest release from Registers of Scotland.

The provisional statistics also show the UK average house price up by 0.7% to £232,944 year on year, and down by the same percentage on the previous month.

Increases were recorded in 26 of the 32 local authorities. The largest was in Falkirk, where the average price increased by 5.5%, followed by Perth & Kinross (4.5%) and Stirling (4.4%), while the largest decrease (6.6%) was in City of Aberdeen, followed by Aberdeenshire, down 1.4%.

Residential sales in Scotland in August 2019 were 9,987, down 4.0% on the original provisional estimate for August 2018, compared with a decrease of 4.1% in England, 2.5% in Wales and an increase of 4.9% in Northern Ireland (the last figure being for quarter 3 of 2019).