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Registers of Scotland have announced that house prices rose 3.5% in the first quarter of 2015/16 compared to the same period in the previous year. The average house price in Scotland from April to June was £167,765. This is the highest figure recorded for this quarter since Registers of Scotland began compiling quarterly statistics in 2003. The volume of transactions were very similar to the same quarter in 2014/15 with a 1.6% increase. This certainly reinforces the message I am seeing which is the number of properties coming on the market is at best the same if not slightly down on this time last year. I will keep you advised of trends.
Partner – Head of Property