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Last Updated: Friday, 19 November, 2004, 11:08 GMT
Average house price tops 100,000
A woman looking in an estate agents window
Prices are still rising every quarter
All regions of Scotland now have an average residential property price in excess of 100,000 for the first time, according to latest figures.

Statistics show that the average price for a residential property in Scotland increased from July to September to a new high of 118,141.

The increase is a rise of 15.6% from the same quarter last year and 9.2% up on the previous quarter.

Edinburgh has the highest figure with the average price at about 156,117.

The highest year-on-year increase, at 24%, is in the Highlands and Islands where the average house is 103,179.

The Glasgow area remains the largest market with sales of a little over 1.3bn for the period, which is an increase of over 146m or 12.4% over the same period last year.

Average price by area
Edinburgh - 156,117
South East - 128,142
Glasgow - 114,441
Grampian - 107,779
Central - 105,446
Highlands & Islands - 103,179
South West - 100,864

The total value of sales across Scotland registered during the quarter is 4.31bn equating to an increase of 852m or 24.7% over the last quarter.

This means that the total value of the residential property market in the last year is greater than 14.3bn.

These figures include residential sales for cash, where there is no mortgage, which occurs in more than 20% of transactions.

The figures came from Registers of Scotland, the country's property registration body.


SEE ALSO:
Home ownership on the increase
19 Nov 04 |  Scotland
South east property prices soar
27 Aug 04 |  Scotland
House prices continue to climb
19 Aug 04 |  Scotland
House market may be slowing down
17 Aug 04 |  Scotland
Ministers target holiday home tax
05 Aug 04 |  Scotland


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