November house prices continue strong upward trend
House prices across Scotland in November were up 11.4% on average compared with November 2020, according to the latest provisional statistics from the UK House Price Index released by Registers of Scotland.
The average price of £182,755 was also up by 1.0% on the October figure.
The UK average house price of £270,708 was up by 10.1% on November 2020 and 1.2% on October 2021.
Average year-on-year price increases were recorded in all 32 local authority areas. The largest increase was in Argyll & Bute (18.6%), followed by Clackmannanshire (16.6%) and West Lothian (15.7%). The smallest mainland increase (island areas tend to fluctuate more due to low sale volumes) was recorded in Angus (6.4%), followed by City of Aberdeen and North Ayrshire (both 7.7%) and East Ayrshire (7.9%). All but 10 areas recorded double digit rises.
Detached properties continued to show the biggest increase, at 15.7% compared to 7.7% for flats.
The volume of residential sales in Scotland in September 2021 was 9,250, an decrease of 9.0% on the original provisional estimate for September 2020. This compares with decreases of 23.4% in England and 36.9% in Wales to September 2021.
Registers of Scotland business development director Kenny Crawford commented: "Over the year as a whole from October 2020 to the end of September 2021, the number of transactions has picked up following the reductions caused by COVID-19 measures and cumulatively is now 51% higher than the previous year. Figures in the current year to date are also 18% higher than pre-COVID figures from September 2018 to September 2019."