Average house prise still rising in Scotland

The latest Scottish House Price Monitor by Lloyds TSB Scotland shows that average house prices in Scotland rose by 2.6% in the three months to October, taking the average price of a property to £145,593 and, on an annual basis, Scottish house prices have increased by 11.6%.

Out of the four main Scottish cities, Aberdeen performed best with average house prices increasing by 14.9% in the third quarter and by 15% annually. The average price is £147,866.

Dundee was next with a quarterly jump of 11% and an annual rise of 12.2%. The average price is £133,357. In Edinburgh, there was a 2.3% drop in the quarter, but over the year prices were up by 10.8 %. The average price is £187,546. Glasgow saw a fairly steep fall of 8.8% on a quarterly basis but still managed a 7.8% annual rise. The average price is £147,866.