Edinburgh Among Hotspots Driving Market Performance

The latest data from Keller Williams UK has revealed that Glasgow, Edinburgh and Fife are the current Scottish home selling hotspots.

According to Property Reporter, estate agents Keller Williams UK analysed the Scottish market based on its performance over the last year, revealing where the most homes are selling, where has seen the highest level of house price growth and where ranks as the most expensive foot on the Scottish ladder.

In the last year, 84,290 homes have sold across Scotland, and the average house price is now £164,099, an increase of 6.9 per cent over the last 12 months.

Glasgow leads the pack when it comes to the most houses sold, with 9,237 property transactions in the last year, and Edinburgh follows closely behind with 8,545.

Behind them is Fife with 5,844, South Lanarkshire with 5,652, and North Lanarkshire with 4,853 transactions in the past year.

The Western Isles, Shetland and Orkney Islands understandably account for the lowest number of transactions, but Clackmannanshire has seen the lowest number of homes sold, 820, in the last year on the Scottish mainland.

The best place to own a home in the last 12 months is East Ayrshire, where house prices have increased by 13.1 per cent, and homeowners in East Renfrewshire, South Ayrshire, Glasgow, Dumfries and Galloway, Perth and Kinross, Renfrewshire, Fire and North Ayrshire also seeing double-figure house price growth.

The City of Aberdeen has seen the lowest increase, at 1.6 per cent followed by the wider area of Aberdeenshire at 1.8 per cent.

House prices in Edinburgh have climbed by just 2 per cent on an annual basis, but the city ranks top where current house prices are concerned, with an average price tag of £280,204.

East Lothian (£253,018) and East Renfrewshire (£250,021) are the only other areas to hit the £250,000 mark, with East Dunbartonshire (£230,309) and Stirling (£212,045) also ranking in the top five.

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