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Scotland house prices rise to more than 165000 pounds

Written by : News | Fri 20th Feb 2015

AVERAGE house prices in Scotland have grown to more than £165,000, in accordance with a written report.

Within the last 90 days of 2014 there were £4.2billion of home sales, up 3.1 percent on 2013, Registers of Scotland numbers show.

The typical house price between October and December 2014 had been £165,197, up 3.4 percent on the same duration in the year before. This is certainly the highest RoS started compiling house price statistics in 2003.

Regardless of the boost in normal values, there clearly was a drop throughout the fourth quarter with a fall of 0.3 per cent – the very first decrease in the amount of sales since the second quarter of 2012/13.

The average price is certainly highest in Aberdeenshire at £232,331, and the most transactions happened in Edinburgh with 2,924 deals worth £656 million.

All property types aside from detached homes showed a rise in average prices through the quarter, the biggest growth seen in semi-detached properties at 5.5 per cent.

Deputy First Minister John Swinney stated the report revealed signs that are "positive in the housing industry.

"Housing continues to be a concern because of this Government, which is why we're trading over £1.7 billion to provide our target of 30,000 homes which can be affordable the duration of this Parliament," Mr Swinney said.

"We continue to provide help towards the housing sector. We're helping visitors to access home ownership and purchase new-build properties through systems like MI New Home, and now we have invested £305 million in Help to Buy (Scotland) and the assistance of a brand-new purchase (Scotland) Small Developers scheme.


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