Stay updated with breaking news from Average Scottish. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Property firm Rettie & Co is forecasting Scottish house prices to rise by around 1.5 per cent in 2024, with overall residential property transaction activity increasing to approximately 4.3 per cent. Rettie sees continued pressure on the private rental sector (PRS), with double-digit increases i
The average house price in Scotland has increased by 7.6%, or around £15,200, from January last year to January 2022.
BBC News By Douglas Fraser Published image copyrightPA The average house price in Scotland increased by 8.4% over the last year, according to official figures. Despite the impact of the pandemic, the number of transactions jumped by nearly a third. Comparing October 2019 with October last year, the number of house sales rose by 31.9% The rise is at least partly explained by the desire of many homeowners to have more space and also reflects low borrowing costs. Detached homes saw the biggest increase in price, of 9.9% to an average £285,415, while flats and maisonettes saw a smaller one, ris...