Scottish market flexes its muscles
- House prices pass £170,000 mark for first time since May
- 25 of 32 local authority areas see prices increase annually
- Underlying market conditions remain strong
The average house price in Scotland broke the £170,000 barrier for the first time since May, according to the latest Your Move/Acadata House Price Index for September 2016. A typical property in Scotland grew in price by 0.6% month-on month to reach £170,762. This is up by more than £1,000 on August’s figure.
On an annual basis, property prices have grown by 2.5% since last September’s figure of £166,622.
Transactions data from the Office for National Statistics (ONS) showed that 8,620 housing registrations were completed in June. This is 20.9% higher than the previous month and demonstrates the start of a strong summer for housing transactions in Scotland.