{"id":5623,"date":"2021-02-19T12:24:08","date_gmt":"2021-02-19T12:24:08","guid":{"rendered":"https:\/\/www.citylets.co.uk\/blog\/?p=5623"},"modified":"2021-05-25T15:03:06","modified_gmt":"2021-05-25T15:03:06","slug":"up-to-20-house-price-increases-in-scotland-during-pandemic","status":"publish","type":"post","link":"https:\/\/www.citylets.co.uk\/blog\/up-to-20-house-price-increases-in-scotland-during-pandemic\/","title":{"rendered":"Up to 20% House Price Increases in Scotland during Pandemic"},"content":{"rendered":"

According to the latest data from Registers of Scotland, 2020 saw the average house price in parts of Scotland jump as high as 20% despite the outburst of the Coronavirus pandemic.<\/p>\n

The figures published by the Office for National Statistics, revealed that the house prices across Scotland rose by 8.4% to stand at \u00a3162,983 on average over the last year.<\/p>\n

Areas with most notable house price increases<\/strong><\/h4>\n

Shetlands experienced the biggest increases of 19.9%, followed by East Ayrshire, where average house prices went up by 17.9%.<\/p>\n

Two-figure increases (above 10%) in average house prices were also recorded in Renfrewshire, East Renfrewshire, Borders and Stirling, whilst Aberdeen<\/a> saw a continued fall of 2.1%, likely resulting from a further turmoil and job losses in the oil and gas industry in 2020.<\/p>\n

\"\"<\/a><\/p>\n

Prices in Edinburgh rose by 5.3% last year, reaching an average of \u00a3236,000. The capital city remained the most expensive place to buy in 2020.<\/p>\n

In comparison, Inverclyde recorded the lowest average price last year, at \u00a3108,000.<\/p>\n

Looking at the property type, detached homes experienced the highest price increases<\/a> of 9.9% last year, selling for \u00a3285,415 on average, whereas flats and maisonettes saw the lowest rises in price of 7.3%, standing at \u00a3115,600.<\/p>\n

Boost in the number of house sales in Scotland<\/strong><\/h4>\n

According to the figures, the number of transactions in Scotland also rose in 2020 despite the Coronavirus crisis. An increase of 31.9% was observed, partly due to many homeowners searching for more space, as well as low borrowing and buying costs, including the temporary reduction in the Land and Buildings Transaction Tax<\/a>.<\/p>\n

Across the whole of UK, house prices recorded a 8.5% annual growth, which is the highest increase since October 2014.<\/p>\n

\"latest-apps\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest data from Registers of Scotland, 2020 saw the average house price in parts of Scotland jump as high as 20% despite the outburst of the Coronavirus pandemic. The figures published by the Office for National Statistics, revealed that the house prices across Scotland rose by 8.4% to stand at \u00a3162,983 on …<\/p>\n","protected":false},"author":1,"featured_media":5626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[220,1],"tags":[673,674],"class_list":["post-5623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-house-prices","category-property","tag-house-sales","tag-scottish-house-market","house-prices","property"],"yoast_head":"\r\nUp to 20% House Price Increases in Scotland during Pandemic - 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