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At a national level, the picture this month shows Scotland’s average house price in November 2023 barely changed over the last year. According to the Walker Fraser Steele November House Price Index, the average house price in Scotland in November 2023 has fallen by a minimal £16, or 0.0%, over the last twelve months,
Scottish house prices lifted by 1% to £224,497 in the year to September, data from Walker Fraser Steele shows, signalling that the market is “stabilising” in the region. Home prices were 0.4% higher, up £965, in the month, compared to a 0.6% uplift in August. The price of an average home in Scotland has risen by
The average house price in Scotland edged 0.6% higher to £223,655 in the year to August compared to a year ago, as transactions slowed. House sales for the first eight months of the year, at around 60,000, are about 10% lower than 12 months ago, and -- other than the pandemic year 2020 -- the lowest since 2013, says
Scotland’s housing market retreated a little in July due to ongoing headwinds from higher interest rates and cost-of-living pressures, according to the latest research from Walker Fraser Steele. The average property price edged down by £900, or -0.4%, bringing to an end the pattern of small monthly increases seen in
Over the past month or so, headlines in Mortgage Strategy have included: ‘Average house prices fall for fifth consecutive month’; ‘Housebuilders warn of continued slowdown’; and, ‘It will take 13 years for first-time buyers to save enough to get on the housing ladder’. With the bad news heavily outweighing any good,