12 Nov

Scottish prices show continued rise

Scottish prices show continued rise

The average house price in Scotland was up in the third quarter of this year, new figures have revealed.

Data from the Registrars of Scotland for the third quarter of 2008 show a year-on-year rise of 0.1 per cent from the equivalent period in 2007.

The largest increase was recorded in East Dunbartonshire, where the average house price rose 10.8 per cent year-on-year to £211,824.

Edinburgh remains the place with the highest prices in the country at an average of £226,516, compared with £160,155 for the whole of Scotland.

These figures represent a 2.9 per cent rise from the second quarter of 2008 - when the average was £155,705 - suggesting Scotland may have passed through a short downturn before values started to increase again.

Such figures contrast with most recent national house price surveys, which have indicated falls in value around the country.

One of these was the October Halifax House Price Index, which showed a 2.2 per cent drop in values last month.

However, Halifax noted that this means prices are still 22 per cent up on the figure of five years ago.

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