Normal property prices in Scotland have edged up by .4% yearly to £220,736 in February, in line with probably the most present index from Walker Fraser Steele and Acadata.
But the alter marks a slight decline of .2% versus £221,130 in January.
Of all Scottish areas, Inverclyde recorded the strongest yearly progress value at 11.4% with prices reaching £149,211, up from £133,941 in February previous yr.
The metropolis of Edinburgh overtook East Renfrewshire because the regional authority space with the utmost family promoting costs, at £329,976.
East Renfrewshire skilled higher frequent dwelling costs a 12 months previously at £339,167, however they’ve as a result of truth dropped by 4.4% to £324,203.
South Ayrshire noticed the steepest drop in costs, down by 5.7% yr on 12 months to £197,126.
West Dunbartonshire had the most cost effective frequent costs at £143,908, down by 3.9% on remaining calendar yr to drop beneath Inverclyde within the rankings.
Walker Fraser Steele regional progress director Scott Jack says the month-to-month slide within the countrywide odd dwelling value is the fifth in a row.
But he states: “Given simply what number of headwinds the market and residential purchasers have confronted, the general discount in prices – as a result of truth they peaked in June 2023 at £223,800 – solely portions to £3,000, or 1.4%.
“Housing stays remarkably resilient and we’re additionally anticipating among the improved sector data of present weeks could maybe positively have an effect on pricing within the coming months.
“Mortgage approvals throughout the United kingdom are up 39% versus the exact same time interval final yr and this could actually feed into improved completion figures and help prices.
“The signs of enchancment are at present there with 18 space authority areas seeing prices rises in February – two much more than within the earlier month. “Notably Edinburgh additionally noticed prices rise in February.
“It’s additionally really price noting that on an once-a-year basis, Scotland’s quantity of growth turned optimistic in February 2024, up by £920, or +.4% from an individual 12 months earlier.”
