Scots house prices rise 17% in year to August

Average house prices in Scotland increased 16.9% to £181,000 in the year to August 2021, faster than the UK annual rate of 10.6%, according to the UK’s Office for National Statistics (ONS).

Detached houses in Scotland showed the biggest price increase out of all property types, rising by 21.3% in the year to £320,000.

The lowest annual change of all property types was in flats and maisonettes, up by 12.6% in the year to £125,000.

House prices increased over the year in all of Scotland’s 32 local authority areas.

The largest growth was in Scottish Borders where prices increased by 29.4% in the year to August 2021 to £195,000.

The lowest annual growth for the year ending August 2021 — not including Shetland Islands — was recorded in the City of Aberdeen, where average prices increased over the year by 7.6% to £150,000.

In August 2021, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £314,000.

In contrast, the cheapest area to purchase a property was East Ayrshire, where the average cost was £114,000.

About the Author

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.