Latest Information Regarding Property Prices

Author: Elizabeth Baker
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The Registers of Scotland have published the following information regarding property prices in Scotland.

  • The average price of a residential property in Scotland has shown an increase of 0.6% during the second quarter of the financial year 2016/2017 compared with the same period in the previous year, with the highest rise of 9.7% being reported in East Renfrewshire.
  • The highest percentage fall was recorded in Aberdeen which reported a decrease of 7.5% in average price compared to the same quarter the previous year to £200,790
  • The volume of residential property sales in Scotland in the quarter July to September was 269,824- a decrease of 1.1% compared to the previous year.
  • Edinburgh recorded the highest volume of sales at 3,334, a fall of 3.2% compared with the same quarter the previous year.
  • The total value of sales across Scotland registered in the quarter July to September decreased by 0.5% compared to the previous year to just under £4.2 billion.
  • The City of Edinburgh was the largest market with sales of £806.2m for the same quarter, an increase of 2.3% on the previous year.
  • Aberdeen showed the largest decrease in market value of 31.6% to £209m compared to the same quarter last year.
  • Detached and semi detached properties showed an increase of 0.3% in the average price for these types of properties, while terraced and flatted properties decreased by 3.1% and 0.7% respectively. The average price for a detached property is £249,462 while a semi detached property is £160,903.
  • The volume of sales of terraced properties increased by 3.9%
Elizabeth Baker

About Elizabeth Baker

Elizabeth is our Business Development Manager. She has a degree in both English Literature and Law from Glasgow University. After graduating in 1983 she served her traineeship as a solicitor in Oban. When she was admitted as a solicitor her first job was at Mitchells Roberton in 1985 so she is a well known face. She spread her wings and joined other firms along the way and had a successful law practice under her own name for some years. She returned to Mitchells Roberton in 2011 and works primarily to enhance the marketing of our firm. With her excellent links with small business and the media in the greater Glasgow area, she is well placed in the role and generates a good deal of referrals and new business. Elizabeth is a people person and naturally connects with both staff and clients. Elizabeth has two grown up children and loves walking her dog, travelling and reading literature. Email: eb@mitchells-roberton.co.uk

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