Glasgow and Edinburgh House Prices Rise Faster than Other UK Cities Outside London

Author: Alison Gourley
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The two largest cities in Scotland have both seen an average price growth of at least 9% in 2018- more than double the UK average according to recent data from HouseSimple.

Property prices in Glasgow have increased by 9.1% from £126,016, at the start of the year to £137,507 in September 2018. Similarly Edinburgh saw average house prices jump 9% from £242,807 to £264,745 over the same period.

Two other Scottish cities placed in the top 20 UK towns and cities had the most significant house price gains. Dundee housing costs increased from £118,723 to £127,228 (a 7.2% spike) alongside Stirling where house prices rose by £10,973 (£173,304 to £184,277) a 6.3% rise from the beginning of 2018. This is compared with the UK average house price of 3.6% (£224,502 to £232,554)

While London has experienced a slowing in price growth, some boroughs have seen positive results. Both Kensington and Chelsea lead growth in the capital with average property prices up 10.1%

These results follow on from a report by PostOffice Money and Gazeal which discovered the two Scottish cities, Glasgow and Edinburgh, also have the fastest- selling properties in the UK. Edinburgh properties averaged out at only spending 39 days on the market, while Glasgow properties went from the market to a sold status in just 48 days. By comparison the average period in the UK’s 35 major cities is 102 days an increase of almost one week from the previous year (96 days in 2017).

If you need first class legal advice about buying or selling property please get in touch with me Alison Gourley on 0141 552 3422  or by email ajg@mitchells-roberton.co.uk

About Alison Gourley

Alison graduated from Edinburgh University School of Law in 1991. She joined Mitchells Roberton in 1996 and became an Associate thereafter. Alison specialises in both commercial and residential conveyancing, advising individuals, large and small businesses, banks, charities and further education institutions on all property transactions. Having 20 years experience in property law Alison has developed excellent relationships with surveyors, independent financial advisers and banks so is ready to act swiftly and effectively to meet her clients’ needs in an ever changing property market. She enjoys getting to know her clients and is committed to giving them an efficient service and is always friendly and approachable. She is also involved with the marketing aspects of the firm. Alison is a residential conveyancing tutor in the paralegal course offered by Central Law Training through the University of Strathclyde. Alison is married to a photographer and has one child. In her free moments she likes to keep fit. She is a talented amateur artist and loves nature and the great outdoors. Email: ajg@mitchells-roberton.co.uk

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