Scottish Property Market

Scotland’s property market reaches 11-year high ahead of Brexit

Property transactions worth more than £8 billion were recorded between January and June this year, the best for this six-month period since 2008, according to Aberdein Considine’s quarterly property monitor.

High sales in the second quarter, from April to June, have been credited with driving the trend.

A total of 25,806 sales concluded in these three months, up just under 1,000 – or four per cent – on the same period last year.

The additional activity pushed the average price of a Scottish home up 1.6 per cent to £172,189, despite the market stalling elsewhere in the UK.

Edinburgh remains the most expensive place in Scotland to buy a home, with the average cost at £264,943.

The capital is followed by East Lothian, where prices have risen by 15.2 per cent to £260,399 – the largest increase in Scotland.

East Dunbartonshire came third at £250,017, up 4.1 per cent, with East Renfrewshire in fourth place with an average price of £244,902, a 3.9 per cent drop.

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