The latest Walker Fraser Steele Acadata House Price Index shows Scotland’s housing market reached a record average price of £233,081 in September, supported by strong sales activity and easing mortgage rates.
Walker Fraser Steele’s latest Scottish HPI shows a monthly dip in average prices and lower transactions, but most areas remain ahead of 2024 levels.
The Walker Fraser Steele House Price Index reports modest annual growth of 0.8% in Scotland’s housing market for November 2024, with average prices at £223,094.
The latest Walker Fraser Steele House Price Index reveals that the average house price in Scotland reached £226,113 in September, marking a new record and a modest monthly increase of 0.2%, or £400.
The average house price was recorded at approximately £225,636 in May, marking a monthly increase of 0.3% and an annual increase of 2.5%.
Scotland's house prices reach new highs, averaging £224,977. Sales activity recovers with prices up 1.1% since March and 2.9% annually.
The average price paid for a home in Scotland now stands at £220,736 – a level first reached in June 2022.
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.
October 2023 sees a stable Scottish property market with a minor £80 decrease in average house prices since May and an 11% year-on-year drop in transactions.
The average property price now stands at a new record level of £224,497.
The average house price in Scotland was £223,035, a 0.4% decrease compared to June but a slight 0.3% increase on an annual basis.
The average price of a house in June increased by £800, or 0.4%, setting the average house price at £224,249.