Scots house prices creep up in November

The average price of a house in Scotland in November 2019 was £154,798 – an increase of 3.5% on November 2018, according to the latest provisional statistics from the UK House Price Index.

Prices were also up, by 0.4%, compared with the previous month.

The UK average house price was £235,298, an increase of 2.2% on November 2018 and of 0.4% on the previous month.

Latest figures for volume of sales show in increase of 1.8% in Scotland in September 2019 on the equivalent estimate for September 2018, making 8,628 sales. This compares with an increase of 3.3% in England, 1.3% in Wales and 4.9% for the equivalent quarter in Northern Ireland.

Average 12-month price increases were recorded in 28 of the 32 Scottish local authorities. The largest increase was in Falkirk, where the average rose by 7.3% per cent to £129,550, followed by Argyll & Bute, up 7.1% to £155,371. The largest decrease was recorded in City of Aberdeen, where the average price fell by 6.4% to £144,928, followed by Aberdeenshire, down 2.7% to £184,138. Dundee and West Dunbartonshire showed zero growth; other areas all recorded a positive figure.

Local authority estimates are based on a three-month moving average to reduce volatility.

Click here to access the full report.