May 23, 2022

An analysis by the Office for National Statistics (ONS) found that the average house price in Scotland reached £ 180,000.

According to the UK House Price Index, house prices rose 10.8% year-over-year in the UK in general until December 2021.

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The ONS found that the average house price in the UK reached a record high in December, with the average UK house price rising by £ 27,000 last year, according to official figures. Reached the highest level of 275,000. .

The average house price in Scotland increased by 11.2% year-on-year until December 2021. That was less than the 12.1% increase in November 2021. The average house price in Scotland reached £ 180,000.

Mike Hardy, head of inflation at ONS, said: “House prices in the UK hit record highs this month, with the average UK house price in December 2021 being £ 275,000, up from £ 27,000 last year. Is more

The average home price in Scotland increased by 11.2% year-over-year until December 2021, and while the average year-on-year increase was less than 12.1% by November 2021, the average price increase was recorded in all 32 local authorities across the country.

The biggest increase was in Fife, where the average price rose 16.0% to 6 166,836. The smallest increase was recorded in Aberdeen, where the average price rose 3.5% to £ 148,251.

Edinburgh was the most expensive area to buy a property with an average price of £ 312,459.

According to official figures, the average home price in the UK rose by £ 27,000 last year, reaching a high of £ 275,000 at the end of 2021. Via PA graphics

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In contrast, the lowest priced area to buy a property was East Ayrshire, where the average price was 1 121,488.

Commenting on the Scotland House Price Statistics, Kenny Crawford, Business Development Director at Scotland Registers (Ros), said: “The average property price in Scotland in December was £ 180,485, as reported in November 2021; The lowest was 183,876, the highest ever reported in any month since January 2004, when Scottish data for UK HPI was first made available.

“Throughout the year, from November 2020 to the end of October 2021, the number of transactions has increased since the decline due to COVID-19 measures and overall is now 67% higher than the previous year. ۔

The current year’s history figures are also 15.5% higher than the pre-COVID-19 figures from November 2018 to October 2019.

Separate properties saw the largest increase in all types of property, rising 16.7% year-on-year to £ 330,461 by December 2021, according to ROS data. The lowest increase was in flattened properties, which increased by 5.9% year on year in December 2021 to 2 122,189.

A separate ONS report released on Wednesday also shows that private rental rates paid by tenants in the UK have increased by 2.0% in the 12 months from January 2022 – after February 2017. Represents the fastest annual growth rate.

Excluding London, private rent
s rose 3.0% year on year.

Nitish Patel, strategic economist at the Yorkshire Building Society, said: “A major challenge in the current housing market is the lack of supply of homes for sale while demand remains high.

“Stamp duty holidays have been booming for most of last year, but prices have continued to rise. Low borrowing costs and strong employment markets are key drivers, but further deterioration in the domestic market in the coming months Can generate some heat. “

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