The Scottish housing market continues to outshine Wales and England according to latest data from one of the country’s leading surveying firms, Walker Fraser Steele.

The latest data from its regular house price index shows a 0.2% increase in the average sale price of a home in Scotland last month, bringing the average house price to 2.4% higher than this time last year.

Scotland is therefore outperforming both England and Wales, but not all regions are experiencing growth – the positive news is largely concentrated around the central belt and East Dunbartonshire saw a significant annual increase of 6.9%, which is a new high.

Notable gains

Other areas such as Glasgow City and South Lanarkshire also reported notable annual gains  – up 6.2% and 7.3% respectively.

Conversely, East Renfrewshire experienced a slight monthly decline (1.5%) but remains the most expensive area, while East Lothian and Midlothian are in annual decline, with East Lothian as far as 11.1% behind the average price for this time last year.

Despite the regional variations, the overall picture is positive for the Scottish housing market, says  Walker Fraser Steele but adds it’s worth noting that the increased LBTT Additional Dwelling Supplement came into force on 5th December, and the market will take time to absorb that.

The market remains healthy, showing promising growth even amidst regional disparities.”

Scott Jack (pictured), Regional Development Director at the firm says: “Transaction analysis indicates higher sales in December and January compared to the previous year, suggesting a robust market.

“The Scottish government’s focus on affordable housing and falling mortgage rates are expected to boost first-time buyer numbers, further strengthening demand and potentially driving prices up.

“Overall, the market remains healthy, showing promising growth even amidst regional disparities.”