Hennessy Bowie Solicitors News
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,
Scotland Sees Highest Recorded House Prices
The average house price in Scotland in the second quarter was £170,190, which is a 5.2% increase compared to the same period in 2013. This is apparently the highest figure since RoS began compiling quarterly house price statistics in 2003.
The volume of sales also increased from July to September this year, rising by 9.1% over the same quarter in the previous year. This figure represents the highest volume of sales for any quarter since quarter one of 2008-09.
Renfrewshire recorded the highest percentage rise in average price compared with the same quarter of the previous year, up 17.2% to £137,072. The City of Edinburgh recorded the highest average at £235,402, a rise of 5.6% compared with the same quarter in the previous year. The largest percentage fall in price was Scottish Borders which showed a drop of 5.7% with an average price of £164,448.
“This is the second consecutive quarter in which the annual increase in average house price has risen by over 5%, bringing the average property price above pre-economic downturn levels, to just over £170,000,” commented Registers of Scotland’s director of commercial services, Kenny Crawford.
“This, combined with the increase in sales volumes, has brought the total value of sales across Scotland to just under £4.5 billion for the quarter, up 14.8% on the same period last year,” he added.
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