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Scottish House Prices Soar Posted: 17th November 2021

According to the latest figures from Chartered Surveyor Walker Fraser Steele, house price growth in Scotland has been the highest of all four UK nations. House prices have increased by 13.2% in the year to September – equating to an average rise of £25,000 taking the average house price to £212,832.

On a monthly basis, house price growth has slowed from 2.7% in July to 1.7% in August – in September it was 1% in a sign that we are returning to more normal pre-pandemic levels.

Prices went up for 19 out of 32 Local Authority areas of Scotland with the largest increase standing at an incredible 6.3% in Inverclyde. This was followed by East Dunbartonshire with an increase of 5.2%.

Property at the top-end of the property market appears to be underpinning house price growth in Scotland as we see a continued trend for home or home/office hybrid working pushing the requirement for more space.

There is usually a high level of activity in September as families look towards Christmas and the New Year and have settled into the new school year. This inevitably results in a boost to house prices, especially as demand is currently outweighing supply. Looking at the historical numbers – over the last 17 years, house prices have increased 13 times in September.

Another factor in the busy Scottish housing market is the number of people moving from London or other major cities to Scotland to take advantage of the increased quality of life and larger homes. However, properties at the top end of the market aren’t coming to the market fast enough and competition for this type of home is high which further pushes up prices.

Here in East Renfrewshire we have seen high competition for every home we sell – in particular the larger four and five bedroom homes. Buyers are missing out on several properties before they are successful – and with today’s buoyant market we would encourage you to take advantage of the number of registered buyers. Contact us for a property appraisal.

Whatever your reason for moving; whether it's for extra space, to downsize or you may simply have found your dream home, Nicol can help. Our knowledge of the local property market helps us develop a marketing plan that's right for you and your property.
We want our clients to be delighted with the service we provide. Listening to your needs and understanding your requirements is our starting point. To find out more about our approach to selling homes, download our comprehensive Guide to Selling your Property here.
If you are planning on selling your home, contact Nicol Estate Agents today for an appraisal of your property. Our Managing Director Douglas Nicol and Sales Manager Daniel Cohen carry out hundreds of market appraisals every year, giving them an intimate and unparalleled knowledge of the property market in Glasgow, from city centre apartments to family homes and building plots. We will talk to you about the property market in your area, compare sales evidence, local demand for similar properties, outline our tailored marketing plan and provide details of our sales support strategy right through to completion.