Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Scottish House Prices See 1.8% Annual Increase
Average house prices in Scotland rose by 1.8% in the year to June, according to figures from DJ Alexander Scotland. This increase equates to a rise of £3,471, taking the average price from £191,884 to £195,355.
The annual increase in Scotland was higher than that recorded in England and Wales, where average prices rose by £2,980, or 1.04% over the same period. Moray was noted as the area with the largest cash rise in Scotland, with an increase of £15,161.
These figures may be of interest to UK letting agents and inventory clerks monitoring regional property market trends and rental valuations.
Source: Property118