Your Move/Acadata data shows the typical house prices in Scotland reached £177,161 – an increase of £7,582 year-on-year.
House prices in Scotland increased by 4.5% over the course of 2017 – outstripping any other region in Britain with the exception of the South West of England.
Your Move/Acadata data shows the typical house prices in Scotland reached £177,161 – an increase of £7,582.
The biggest price rise happened in Glasgow (12.2%), while the Highlands and Islands also saw strong increases.
In England and Wales prices only rose by 0.2% over the same period.
Christine Campbell, Your Move managing director in Scotland, said: “The combination of low interest rates, an unemployment rate lower than that of Great Britain and a number of schemes to assist buyers has contributed to ongoing demand for property.
“The problem remains, however, that there are not enough properties coming to market to sell - nor homes being built - which, in turn, is driving prices up.
“It’s important that, in the months to come, more emphasis should be placed on building homes – particularly those that are more affordable – to ensure that the market remains active and that any potential slowdown is avoided.”
