House prices in Scotland rise by 7.6% in April: Walker Fraser Steele
House prices in Scotland rise by 7.6% in April: Walker Fraser Steele
The last time prices rose across all local authorities was last March, the final month of the land and buildings transaction tax holiday. This average rise in April is equal to around £15,500.
On the mainland, the highest increase in average prices over the year was in Argyll and Bute, at 22.7%. The highest local authority property price rises came in the Orkney Islands, where values jumped by 30.4%, but the report points out that the small number of transactions on the Islands – just 17 recorded in April – tends to result in volatile movements in average prices.
On a weight-adjusted basis, taking in price changes and transactions, five local authority areas in April accounted for 44% of the £15,500 increase in Scotland’s average house price over the year – Edinburgh (17%), Fife (10%), Glasgow (8%), Argyll and Bute (5%) and North Lanarkshire (4%).
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