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Fastest Scottish house price rise in 6 years
April 2nd 2014www.scotsman.com
HOUSE prices in Scotland grew at their fastest rate in six years during
the first quarter of this year, increasing by 7.6 per cent.
The rise was the strongest pace of growth since the end of 2007, according
to the Nationwide house price survey, although just below the UK average of 9.2
Aberdeen city was Scotland’s most expensive region for house hunters, and
prices grew fastest in the area with a 12 per cent increase on the previous
Southern Scotland was the country’s least expensive area.
Aberdeen has seen a 107 per cent rise in property prices over the past
decade, Nationwide said, taking the average price paid for a home to ￡246,532.
Prices in areas surrounding Aberdeen have also more than doubled in the past
ten years, while the next biggest growth came in Dundee and Angus, where the
cost of buying an average property rose by 67 per cent.
Edinburgh property prices grew by just over a quarter in the ten years from
2003, while in Glasgow they increased by 25 per cent.
Scotland-wide, the average house price was ￡138,386 in the first three
months of this year.
South Lanarkshire was the weakest performing area over the past twelve
months, recording a year-on-year increase of just two per cent.
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