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Property market in Scotland hits 11-year high

Posted by Andrew Cutt on August 26, 2019
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According to new research by Aberdein Considine, transactions worth more than 8 billion have been recorded between January and June 2019, thanks to a busy second quarter.  Approximately 26,000 sales were concluded between April and June, up by 1000 for the same period last year.

The average price of a Scottish home is up by by 1.6% to £172,189, and Edinburgh remains the most expensive in Scotland with an average cost of £264,943.  The average cost of a home in neighbouring East Lothian, has risen by 15.2% to £260,399.

Aberdeen, Dundee and parts of Glasgow also experienced a rise in house prices.

The demand for property remains high, with Scottish buyers looking for security amid the current economic uncertainty.

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