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Hennessy Bowie & Co has been practising in Bishopbriggs for some twenty five years, principally in the areas of domestic conveyancing, commercial conveyancing, commercial leasing, executries and matters relating to care for the elderly,
Scottish Residential Property Sales Exceed £16.5 Billion
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Recently released statistics from Registers of Scotland (RoS) have revealed that the value of residential property sales in 2015 exceeded £16.5 billion.
In total, there were 97,701 residential property sales in Scotland over the year, the highest annual figure since 2008, and an increase of 4.5% compared to the previous year.
The City of Edinburgh had the largest volume of sales, achieving 11,991 sales in 2015, up 8.3% on 2014. This was closely followed by Glasgow City, up 12.2% to 11,616. East Renfrewshire experienced the largest annual growth in the volume of sales, with a 13.1% increase to 1,861. Aberdeenshire saw the largest decrease in volumes, down 11.8% to 5,108.
The average price of a residential property apparently rose in 2015, up 3.6% to £169,402. The local authority area with the highest average price was the City of Edinburgh, where the average price for the year was £238,036, an increase of 4.9% on 2014.The highest annual change in average price was in West Lothian, rising 9.1% to £161,014 in 2015. The only local authority area to show a slight decrease in average price was East Renfrewshire, down 0.6% to £227,369.
While the average price for all property types increased in 2015, semi-detached houses showed the largest rise in price, up 3.4% to £157,995. Detached properties had the highest average price at £249,921.
Flatted properties have the highest volume share, claiming 36.2% of the total market. The lowest share of the market was semi-detached houses, with 17,974 transactions accounting for 18.4% of the market.
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