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Monday, November 03, 2014

Scottish property prices hit a high

Talk of the referendum doesn't seem to have harmed Scotland's property prices.

Data from the Registers of Scotland (RoS) puts average house prices at £170,190 for the second quarter of 2014. Sales of property between July and September of this year saw a rise of 5.2% on the second quarter of 2013.

Average Scottish  property prices are now the highest on record.

Sales volumes were also the highest seen since 2008.

Kenny Crawford from the Registers of Scotland said

‘This is the second consecutive quarter in which the annual increase in average house price has risen by over 5%, bringing the average property price above pre-economic downturn levels, to just over £170,000,’ 

This data includes property purchased without a mortgage.

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