Average Scots house price up 12% to £174k

The average price of a home in Scotland in June 2021 was £173,961, an increase of 12% on June 2020, according to the latest provisional statistics from the UK’s House Price Index.

The most expensive area to buy a property was City of Edinburgh, where the average cost was £303,000. In contrast, the cheapest area to buy a home was East Ayrshire, where the average cost was £104,000.

The UK average house price was £265,688 — an increase of 13.2% on June 2020 and an increase of 4.5% cent on the previous month.

The volume of residential sales in Scotland in April 2021 was 7,007, an increase of 199.4% on the original provisional estimate for April 2020 during the pandemic.

Registers of Scotland accountable officer Janet Egdell said: “Prices continue their trend upwards in June, and the number of transactions has reverted to a more normal pattern in the first couple of months of this financial year.

“Over the year as a whole from May 2020 to end of April 2021, volumes have picked up and cumulatively are now 4 per cent higher than the previous year.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.