House prices fall in East Dunbartonshire

House prices reduce
House prices reduce

The average house price in East Dunbartonshire fell by 8.6 per cent to £205,122 in the last quarter according to recent statistics published by Registers of Scotland.

The number of houses sold in Scotland was the highest since 2008 with a total of 24,274 properties sold from July to September, which is up 22.5 per cent on the same period last year.

The average house price rose by 1.5 per cent, with the average cost of a home now £161,748.

The highest priced properties were in Edinburgh, with the average coming in at £222,759. Aberdeen saw the highest percentage rise in prices, with values going up 9.9 per cent on last year to an average of £210,010.

Kenny Crawford, commercial services director, said: “These figures are one of the strongest indicators yet of a revitalised Scottish property market. This is the fourth consecutive quarter that volumes have increased, maintaining the upward trend.

“There has also been a significant increase in the total value of property sales. Between July and September, the residential market was worth £3.92bn – an increase of 24.4 per cent on the previous year.

“While sales values have risen by 1.5 per cent across the country, as usual some areas are performing better than others.”