The Scottish housing market saw another increase in average house prices in June for the third month in succession.
The average house price has risen in June by £800, or 0.4%, and the average house price in Scotland now stands at £224,249, which is £3,466, or 1.6%, higher than 12 months earlier.
In June, 15 of the 32 local authority areas in Scotland, nine fewer than in May, experienced rising prices in the month.
In Edinburgh, all properties saw an increase in prices over the month, with the largest increase being in flats, up from an average £275k in May to £280k in June.
Scott Jack, regional development director at Walker Fraser Steele, said: “It is worth noting that the property market started with the lowest volume of January sales of the last nine years, at 5,865 transactions, although this has now increased at the end of June to on average 7,000 sales per month, however this still remains the lowest monthly level since 2013.
“Affordability has become the key issue in mortgage lending and is impacting potential buyers. Inflation continues to register at a high level across the UK, and coupled with the increased interest rates, it makes the resilience of the Scottish housing market so far this year all the more remarkable.”
