Highland house prices on the up
The latest statistics from the UK House Price Index show that the average price of a property in the Highlands rose by 3.6 per cent from June last year to June 2019.
In Scotland the average price was £151,891 – an increase of 1.3 per cent – while in Highland the cost rose from £162,629 to £168,468.
Nationally, house prices rose by 0.7 per cent between May and June this year.
The UK average house price was £230,292, which was an increase of 0.9 per cent on June in the previous year and an increase of 0.7 per cent on the previous month.
The volume of residential sales in Scotland in April was 7,812 – an increase of 6.0 per cent on the original provisional estimate for April 2018. That compares with an increase of 7.9 per cent in England, 5.9 per cent in Wales and a decrease of 1.8 per cent in Northern Ireland (Quarter 2 – 2019).
Commenting on the release, business development director Kenny Crawford said: “Average house prices in Scotland have been growing faster than the UK annual rate since March and in all but two months since December 2017. The likely cause is the continuing fall of house prices in London, which is reflected in the overall UK figure.
“It is worth noting, however, that the average price of a property in London at £466,824 is more than three times that of the average price of a property in Scotland."
A detailed, long-term view of the Scottish property market can be found on the Registers of Scotland website.
In Scotland, all property types showed an increase in average prices in June 2019 when compared with the same month in the previous year. Terraced houses showed the biggest increase, rising by 2.0 per cent in the year to June 2019 to £126,953. The smallest increase of all property types was for detached houses, with an increase of 0.1 per cent in the year to June 2019 to £253,901.
Average price increases were recorded in the majority (20) of local authorities, when comparing prices with the previous year.
