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.”