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Average house prices increase by 0.2% in Scotland

Jessica Nangle

November 27, 2020

Scotland lockdown

Average house prices in Scotland saw a monthly increase of 0.2% in September according to the latest house price index by Walker Fraser Steele Chartered Surveyors.

Walker Fraser Steele is part of e.surv Chartered Surveyors, and its data revealed that there was an average annual increase of 3%.

By the end of September, the average house price in Scotland was £189,452.

Alan Penman, business development manager at Walker Fraser Steele, said: “September proved to be another booming month for Scottish house prices, with average figures rising again month on month to a level 3% higher than the previous year.

“Largely this has come as a result of changing demand from buyers, many of whom have opted for larger, more expensive, houses with bigger gardens and more space for working from home.

“While market activity remains healthy, especially given the extraordinary circumstances, the coronavirus has meant that the Scottish property industry has not operated as normal and we might not see the full effects of this until we return to a more ‘normal’ state of play.

“In the meantime, the priority for all involved rightly continues to be the safety and wellbeing of everyone involved in the process and the wider Scottish public.”


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