Stirling house prices rocket despite pandemic pressures dailyrecord.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrecord.co.uk Daily Mail and Mail on Sunday newspapers.
Alan Penman, business development manager at Walker Fraser Steele, said:
“The Scottish housing market passed a notable milestone at the end of 2020, as the average property price rose above £200,000 for the first time ever.
“This new record follows a year of extraordinary growth in the Scottish market – the average price increased by over 8% during the last year and 11% over the last two years.
“The increase in the threshold for the Land and Buildings Transaction Tax (LBTT) played a key role in stimulating the market over 2020.
“Indeed, the average number of monthly property transactions in 2020 doubled since the measure was introduced in July, though the easing of coronavirus restrictions may also have played an important part in the increase in activity.
Mansion Global Daily: New York City s Busiest Weeks Since 2015, a Bay Area Designer s Take on Home Trends During the Pandemic and More mansionglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mansionglobal.com Daily Mail and Mail on Sunday newspapers.