Scots house price growth shows signs of slowing
The rate of annual house price growth across Scotland dipped to just below 10% in July 2022, according to the latest provisional statistics from the UK House Price Index released by Registers of Scotland.
The average price reached £192,966, an increase of 9.9% on July 2021 and of 0.6% compared with June 2022.
The UK average rose by 2.0% on the previous month, and 15.5% year on year, to £292,118.
All 32 local authority areas recorded an annual increase. For the second month running the largest mainland increase was in East Ayrshire, at 19.8%, followed by Argyll & Bute (19.3% – also the second highest the previous month), and West Dunbartonshire (16.4%). The smallest increase was recorded in City of Aberdeen at 0.8%, followed by Inverclyde (5.2%) and Aberdeenshire (6.0%).
The difference in the rate of increase narrowed as between different types of properties, with terraced, detached and semi-detached properties all showing annual rises between 10.8 and 11%, while flats increased on average by 8%.
The volume of residential sales in Scotland in May 2022 is provisionally estimated at 8,325, down 0.6% on the original provisional estimate for May 2021. This contrasts with increases of 49.5% in England and 48.3%% in Wales.
Registers of Scotland published this month;'s figures without accompanying comment.