Scotland business

Scottish house prices remain flat

Man standing outside estate agent
Image caption Stirling saw the highest percentage rise in house prices in the second quarter

Average property prices in Scotland fell slightly in the second quarter of the year, according to new statistics.

The Registers of Scotland recorded a fall of 0.2% compared with the same period last year.

The average price of a home between July and September was £163,091.

The highest percentage rise was recorded in Stirling, which saw prices climb by 7.9% to £196,689, while Edinburgh recorded the highest average price of £225,378, a fall of 2.1%.

The largest percentage fall was in Inverclyde, which showed a drop of 9.7% to reach an average price of £125,026.

A total of 20,293 properties were sold across Scotland - a drop of 3.7% during the second quarter.

Moray showed the largest percentage fall in the number of sales with a decrease of 36.5%, while East Renfrewshire showed the largest percentage rise of 8.9% in total sales compared to the same period last year.

The total value of sales across Scotland registered in the quarter fell by 3.9% to just over £3.3bn.

Edinburgh remains the largest market with sales of more than £496m for the quarter, a decrease of 6.9% over the same quarter last year.

Aberdeenshire showed the highest percentage rise, with the value of sales increasing by 8.9%.

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