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The latest publication of the monthly UK House Price Index (UK HPI) shows that the average price of a property in Scotland in April 2017 was £145,734 – an increase of 6.8 per cent on April in the previous year and an increase of 5.4 per cent when compared to the previous month. This compares to a UK average of £220,094 which was an increase of 5.6 per cent compared to April in the previous year and an increase of 1.6 per cent when compared to the previous month.
The biggest price increase when comparing April 2017 with April 2016 was in East Dunbartonshire where the average price increased by 11.2 per cent to £202,466.
Across Scotland, all property types showed an increase in average price in April 2017 when compared with the same month in the previous year. Detached properties showed the biggest increase, rising by 8.0 per cent to £252,492.
Source: Registers of Scotland
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The latest data from Rightmove has shown that the average price of property coming to market increased by 1.3% this month, the same average rise as the same month last year.
According to Rightmove, a monthly rise of this size has only been exceeded once at this time of year since 2007.
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