Recently published figures have revealed that the number of residential properties sold in Scotland in the last quarter was up 22.5% on the same period in 2012. Total volumes for July to September reached 24,274, which is apparently the highest recorded quarterly figure since 2008.
These official statistics were published last week by Registers of Scotland, and cover all residential sales including those that did not involve a mortgage.
Average prices across Scotland rose by 1.5%, making the average cost of a home £161,748. The highest priced properties during the quarter were in Edinburgh City, where the average home changed hands for £222,759. Aberdeen City recorded the highest percentage rise in prices, with values jumping 9.9% compared to the same period last year, to an average of £210,010. The largest drop in average house price was in East Dunbartonshire, where values fell by 8.6% to £205,122.
“This quarter's figures are one of the strongest indicators yet of a revitalised Scottish property market. This is the fourth consecutive quarter that volumes have increased, maintaining the upward trend,” commented Kenny Crawford of Registers of Scotland. “There has also been a significant increase in the total value of property sales. Between July and September, the residential market was worth £3.92 billion – an increase of 24.4% on the previous year.”
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