House prices on the rise in East Dunbartonshire

Property news
Property news

There has been a substantial jump in demand for property in Scotland with the number of house sales up by almost a quarter.

East Dunbartonshire recorded the highest average property price at £219,731, a rise of 4.6 per cent.

Between January and March this year, 17,828 properties changed hands across the country, a 22.9 per cent increase on the same period in 2013.

According to the Registers of Scotland, it is the highest number recorded for the quarter since 2007/08.

Inverclyde saw the biggest rise in prices, with an average price of £128,340, up 24.9 per cent on the same quarter last year.

Prices were lowest in East Ayrshire, where an average property cost £100,024, down 3.9% on last year.

Estate agents said the figures were in line with what staff were experiencing across Scotland.

A spokesman for Slater Hogg and Howison said: “In some hot spots, such as Milngavie, we’re seeing an increase in demand for all property types, and the market for semi-detached properties is strong.”

Registers of Scotland said prices increased for all property types in this quarter, with terraced properties seeing the biggest rise at 2.6 per cent.