Subscribe to our Construction Newsfeed
Scotland Construction Directory
Search our 14,699 companies....

Construction News

30/04/2013

House Prices Continue To Fall For 2013

Construction News Image
House prices have fallen in Scotland over the past year despite more homes changing hands.

According to official statistics from the Registers of Scotland, in the last quarter, homes cost an average 0.4% less than the same period last year.

The information also revealed a 5% increase in the number of residential properties being sold.

In the first three months of 2013, the average selling price of a home was £148,174 - a fall of 4.3% from the previous quarter - while 14,567 residential properties were sold between January and March of this year.
-- Advertisement --
NorthernAsbestosServicesLtd



Edinburgh City, East Dunbartonshire and East Renfrewshire had average values of more than £200,000, while Midlothian saw the largest year-on-year jump in prices, with homes selling for 9% more than the same period in 2012.

Glasgow saw the largest number of properties sold in the first three months of the year, with 1,666, with Edinburgh also seeing an increase in sales.

When it came to a fall in properties sold, East Ayrshire showed the largest decline with 9.4% fewer homes changing hands compared to the same period last year.

House prices also fell, as they did in Inverclyde and West Dunbartonshire.

Registers of Scotland's Director of Commercial Services, Kenny Crawford, said: "It is encouraging to see a rise in volumes and while the average price has fallen, it is not a substantial drop.

"We are seeing some interesting figures from areas like Midlothian, where the volumes and average price have both increased.

"There've been a number of new developments in areas like Dalkeith and Gorebridge, which are likely to be contributing to this upward trend."

(JP/CD)

Latest Construction News

15/04/2025
Construction of a £70 million student accommodation development at 292-298 St Vincent Street in Glasgow has reached a significant milestone, with the building now visibly rising from the ground. Drone footage has captured the progress of the project, which is a partnership between developer Artisa
15/04/2025
Energy regulator Ofgem is expected to confirm today (April 15) its finalised Connections Reform process, designed to expedite grid connections for renewable energy projects that are ready and crucial for achieving the UK's clean power targets for 2030 and beyond. The new connections system, anticip
15/04/2025
The ambitious transformation of Glasgow’s landmark George Square has moved into a tangible phase with the commencement of the erection of hoardings around the perimeter of the civic space. Starting today, the hoardings will enclose the Square for the duration of its 18-month redevelopment. The pane
15/04/2025
Members of the public are invited to attend a consultation feedback event to discuss the proposed infrastructure associated with a new underground electricity transmission cable between the Kinardochy and Errochty substations in Perthshire. The event will take place on Monday, 28 April, from 4 pm t
15/04/2025
Turner & Townsend have been appointed as project managers to develop a business case for the potential extension of the Borders Railway beyond its current terminus at Tweedbank to Hawick and Carlisle. This key appointment will enable crucial work to progress on the project, including feasibility s
15/04/2025
Arran Community Renewables, a Community Benefit Society based on the Isle of Arran, has secured planning consent for a 6 MW solar farm. The Glenkiln Solar Farm, located approximately 1km west of Lamlash, is projected to generate 5,600MWh of clean renewable energy annually from 2027. The £5 million
15/04/2025
A new Route Map has been published by the Scottish Land Commission (SLC) to ensure communities across Scotland secure tangible and long-lasting benefits from nature restoration projects and investment in the country's natural environment. The practical guide is designed for landowners, developers,
15/04/2025
Award-winning principal contractor Procast Group has further expanded its presence across Scotland with the opening of a new base in Dumfries. The Hamilton-based firm has invested £30,000 in a new warehouse and office facility in the Maxwelltown Industrial Estate in Dumfries and Galloway, marking it
14/04/2025
Glasgow City Council's Affordable Housing Supply Programme (AHSP) facilitated the completion of over 1,000 new affordable homes in the city during the past year, despite facing budgetary reductions at the start of the financial year. The initial grant of £78.687 million from the Scottish Government
14/04/2025
A key phase of Scottish Water's £11.5 million project to upgrade a strategic rising sewer main connecting Renfrew and Glasgow is set to begin, resulting in a significant road closure. From Monday, 28 April 2025, Ferry Road in Renfrew will be closed to all vehicular traffic for a period of four mont
Morris & Spottiswood LtdRBT Underfloor LimitedJRF Chimney Specialists and Heating DistributorsJGasMaccaferri LtdAlternative Tying Systems LtdACCON UK LtdRBT Underfloor LimitedJGasJohnston Oils Limited