Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
03/11/2010

Scotland Gains Highest Property Prices

The average property price in Scotland rose to £163,360, the highest ever recorded and an increase of 5.8% on the same period in 2009.

This is despite sales volumes being only half of what they were at their peak in 2007. These are the headline figures in the official statistics released today by Registers of Scotland (RoS).

Twenty-eight of Scotland's 32 Local Authority areas saw an increase in average prices with eight of them having returned their highest ever average price. However, East Ayrshire, Eilean Siar, Moray and Perth and Kinross Local Authorities experienced a decrease in average property prices.

-- Advertisement --
NorthernAsbestosServicesLtd

Kenny Crawford, RoS’ Head of Commercial Services, said: "The number of properties sold over the last quarter is up on the same quarter last year by 4.9%, a difference of nearly 1,000 sales but this is still barely half of the number of properties that were changing hands in the busiest days for the property market in 2007. Interestingly, it is the detached and semi-detached properties that have recorded the highest increase in value while the volume of sales has been strongest for semi-detached and flats."

Whilst the City of Edinburgh reached its highest ever average property price at £228,697, up by 9.9% on the same period last year, the average price in the City of Glasgow increased by just 2.9% to £143,255.

The average price increase does not appear to be as a result of a significant increase at the higher end of the price ranges covered by the RoS report. When the number of sales are split into price bands, the pattern since 2007 remains largely unchanged, although overall sales volumes are significantly reduced.

(GK)

Latest Construction News

22/11/2024

SP Energy Networks has announced a major investment in Britain's electricity grid, selecting 19 preferred partners to deliver a £5.4bn supply chain programme. This significant initiative aims to meet increasing energy demand and facilitate future growth. The selected companies, many of which are ...
22/11/2024

Edinburgh City Council has launched a 12-week public consultation on a new strategy to revitalise Princes Street and the wider Waverley Valley. The vision aims to create a more vibrant and welcoming city centre, attracting investment, supporting businesses, and enhancing the visitor ...
22/11/2024

Ener-G Services Limited, a leading UK electrical engineering company specialising in renewables, marine, and offshore sectors, has expanded its operations in Westhill, Aberdeenshire. The company has leased Unit 6E at Kingshill Commercial Park, a 2,500 sq ft space, on a 5-year lease. This new ...
22/11/2024

A consortium of leading scientists, industry experts, and academic institutions has joined forces to accelerate Scotland's offshore wind sector. The £2.5 million project, led by the University of Edinburgh in collaboration with the University of Dundee and the Forth and Tay Offshore cluster (FTO), ...
22/11/2024

The Port of Aberdeen and Turner & Townsend were highly commended in the 'Engineering, Construction & Infrastructure Project of the Year' category at the APM Project Management Awards 2024. The award recognises excellence in project management and the positive impact on end-users. The £420 million ...
22/11/2024

South Lanarkshire Council's £10 million fire safety improvement programme has reached a significant milestone, with CCG (Scotland) completing installations in over 1,700 high-rise residences across East Kilbride and Cambuslang. The Glasgow-based construction firm has been working closely with the ...
22/11/2024

SSEN Transmission, a key player in the UK's energy transition, is set to further expand its workforce and move into a new, sustainable office space in Glasgow. The company's commitment to net zero and the increasing demand for green energy workers has led to significant growth, with the number of ...
22/11/2024

Scottish Water is investing in the upgrade of its Loch Eck clean water plant in Dunoon. The project involves replacing outdated dry well pumps with new, more reliable pumps capable of operating in both wet and dry conditions. WGM Engineering, an RSK Group company, has been tasked with carrying out ...
22/11/2024

Scottish Land & Estates has expressed serious concerns over the Scottish Government's Land Reform Bill, particularly the provisions that would allow ministers to force landowners to sell large estates in lots. Sarah-Jane Laing, the organisation's chief executive, stated that while the land-based ...
22/11/2024

Clark Contracts employees have once again shown their commitment to community engagement by volunteering at Silverburn Park in Leven. On Thursday, 21st November, 16 members of the team spent their day planting over 400 trees and carrying out other landscaping tasks. This latest volunteering effort ...
RBT Underfloor LimitedMorris & Spottiswood LtdSEEIT3DLogical Insulation Solutions LimitedDenfind Stone LimitedGrampian Steel Buildings LtdMcPhee&SonsEarth Tech LPS LTDEarth Tech LPS LTDAbout Grab Hire Uk Limited
Terms and Conditions
2024/11/23 09:03:32