Scotland’s average house price in December 2023 has remained largely unchanged, standing at £222,288, according to the latest data from Walker Fraser Steele.
This is just £93 lower than 12 months earlier.
Indeed, for the previous seven months, the average house price in Scotland has been around the £223,400 mark, with the peak occurring in June 2023 at £223,826.
In December, East Renfrewshire had the highest annual rate of price growth of all local authority areas on the mainland, at 9.1%.
In East Renfrewshire, semi-detached homes and flats have increased in value over the last 12 months, with flats having the larger influence, up from an average £170,000 in December 2022 to £205,000 12 months later.
Midlothian had the second-highest annual growth rate at 8.2%.
All property types experienced average price increases in Midlothian, but this month detached properties had the most significant, up from an average £385,000 in December 2022 to £415,000 one year later.
The area on the mainland with the largest percentage fall in prices over the last 12 months, for the second month running, was Dumfries and Galloway, at -8.4%.
In Dumfries and Galloway, all property types saw prices fall over the year, with the largest fall this month being detached homes, down from an average £275,000 in December 2022 to £255,000 one year later.
