Scotland House Price Index - December 2013

Scotland House Price Index - December 2013

Your Move Blog: Scotland House Price Index - December 2013

The December edition of the Scotland House Price Index is published today by LSL Property Services/Acadata.  Highlights from the index are:

2013 has been a year of recovery in Scotland’s housing market.

  • Not only have sales volumes expanded by a significant amount, but we have also seen an increase in the average house price of £5,131, or 3.6%, over the year.
  • This is the highest annual rate of price increase since October 2010, when house prices were on the rebound from the 2008/2009 credit squeeze.
  • The average cost of a home now stands at £146,696 which is £6,300, or 4.5%, above the low point of £140,396 experienced in April 2009 during the credit crisis.

Scotland is not alone in experiencing a recovery in house prices during 2013. All ten regions of England & Wales have also seen a positive movement in average prices over the year. However, at 3.6%, Scotland has the third highest house price growth of all regions in Great Britain, with only the South East (3.8%) and Greater London (10.6%) seeing prices rise at a faster rate. 

Read the full Scotland House Price Index for December 2013