ROS reports House Prices rise 4% north of the border

July 20, 2016

According to the Registers of Scotland (RoS) recent news report the latest publication of the UK House Price Index (HPI) shows that the average price of a property in Scotland in May 2016 was £141,142, an increase of 4.0 per cent on the previous year and an increase of 2.8 per cent when compared to the previous month.

RoS director of commercial services, Kenny Crawford, said: “The new UK HPI Scotland has been well received by our users so far. There have been queries about the differences in published average house prices when comparing the HPI with the Registers of Scotland quarterly statistics. These differences were expected and reflect the different methodologies used in these publications. We have published charts on our website to allow comparison between the two publications and to explain the key differences.”

Read the report in full

A report from accountants PricewaterhouseCoopers (PwC) has predicted that property prices will fall in the wake of Britain’s decision to leave the EU, although Scotland should avoid a recession.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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