Scotland's house price winners and losers
The latest data from the Register of Scotland suggests that the average house price in Scotland is £222,894.
House prices in Scotland increased on average by 4.3% or £9,150 in July 2022
Over the last 12 months, average house prices in Scotland increased by 9.3% or £19,040.
The average house price chart below shows a picture as craggy as the Cairngorms with many peaks and troughs. However, the thrust of house prices in Scotland is up and not down.
Scotlands house price league table
We show in the chart below the average house price across Scotland by local authority.
The local authority with the most expensive average house price is East Renfrewshire where average house prices are £332,000
In second place is the City of Edinburgh where average house prices are currently £316,150, and in third place is East Dunbartonshire where average house prices are £310,000
At the lower end of Scotland's house price table is Inverclyde with average house prices of £130,000, followed by Na h-Eileanan Siar where average house prices are £143,000, and West Dunbartonshire where average house prices are £148,000.
Scottish house price winners this month
The biggest house price winners in Scotland this month in relative (%) terms were:
Inverclyde, where house prices rose by 22.8%
East Ayrshire with house prices up 20.4%, and
Aberdeen City where house prices rose by 13.6%
Turning to the absolute monetary house price winners, the podium comprised
East Ayrshire: with house prices up £29,315
Aberdeen City: house prices up £25,460, and
Midlothian: house prices up £24,500
We note that small housing transaction volumes may have skewed the average house price movements
Scottish house price losers this month
At the bottom of the Scottish house price table, this month were
Argyll and Bute where house prices fell by 7.5%
Aberdeenshire where house prices fell by 4.0%, and
Dundee City where house prices fell by 3.9%
Turning to the monetary losers the biggest average house price falls in Scotland were seen in:
Argyll and Bute, where house prices lost £17,100
Aberdeenshire with house prices down £9,500, and
East Lothian where average house prices fell by £8,000.
We show in the chart below the percentage change in house prices this month for each local authority across Scotland.
We show in the chart below the absolute (£ sterling) changes to house prices this month across each local authority in Scotland.
House prices in Scotland over the last year
The patterns of house price movements over the last year in Scotland differ significantly from the changes over the last month.
Scotlands biggest house price winners over the last year in relative terms are:
East Ayrshire where house prices have increased by 32.6%
Stirling where house prices are up 23.9%, and
East Renfrewshire where house prices have increased by 23.3%
Biggest absolute house price gains in Scotland
Over the last year the biggest absolute house price increases have been seen in:
East Renfrewshire, which has seen house prices rise by £62,700
Stirling, where house prices have increased by £47,600, and
East Dunbartonshire where average house prices are now £46,300 higher than they were one year ago.
The Scottish house price losers over the last year
Unfortunately, not all areas of Scotland have seen house prices rise over the last year.
Biggest house price falls in Scotland in percentage terms
The areas of Scotland which have witnessed the biggest relative house price falls are:
Inverclyde where house prices fell by 6.4%
Clackmannanshire where house prices fell by 5.3% and
Fife where house prices were down 1.0%
Biggest absolute house price losers in Scotland
The biggest absolute house price falls in Scotland over the last year match the podium for the biggest relative house price falls:
Clackmannanshire where house prices have fallen by £10,200
Inverclyde with house prices down £8,900 and
Fife where house prices have fallen, on average, by £1,800
We show in the chart below the relative (percentage) change in average house prices across all Scotland's local authorities over the last year:
We show in the chart below the absolute (£ sterling) changes in house prices across each of Scotland's local authorities over the last year