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Last Updated: Friday, 18 November 2005, 14:12 GMT
Property prices still on increase
Homes - generic
The Highlands have seen the biggest year-on-year increase
The average house price in Scotland has risen by 2% to 117,626, according to the latest official figures.

Data from the Registers of Scotland showed that Lothian region again had the highest average price at 153,669.

The Highlands and Islands had the highest year-on-year increase with the average at 110,833 and Glasgow area continued to be the biggest market.

Meanwhile, Lloyds TSB Scotland said its figures presented evidence of a slowdown in the property market.

Registers of Scotland released figures for the quarter April to June 2005, which showed a 2% increase countrywide from an average price of 115,283 in the previous quarter.

Over the year, it said, this represented an 8.7% increase.

AVERAGE PRICES BY REGION
Central: 105,300
Grampian: 111,414
Highlands, Islands: 110,833
Lothian: 153,669
Borders: 118,042
South West: 100,513
Glasgow: 112,964
Unallocated: 144,726
Source: Registers of Scotland

Registers of Scotland has provided breakdowns by local authority area but has also grouped these areas into larger regions as part of its study.

However, it said some sales could not be accurately located in a local authority area and these were defined as 'unallocated'.

Prices in Lothian rose by 2.1% on the last quarter and this was up 5.9% on the same quarter last year.

While the Highlands registered a 14.1% year-on-year rise, Glasgow remained the largest market for sales which stood at 1.2bn, a rise of 167.5m or 16% on the same period in 2004.

Sales in the latest quarter totalled almost 3.8bn, which was a rise of 27m or 9.5% on last year.

Lloyds TSB Scotland also published its latest House Price Monitor which indicated that the price of the average domestic property rose by 0.8% in the three months to October.

AVERAGE HOUSE PRICES
Edinburgh: 178,078
South east (excluding Edinburgh): 142,272
Aberdeen: 137,658
Glasgow: 130,175
South west (excluding Glasgow): 125,450
North (excluding Aberdeen): 123,858
Dundee: 119,385
Central/Fife/Perth/Tayside: 117,359
Source: Lloyds TSB Scotland

The average Scotland-wide house price stood at 129,989.

Overall, the study showed that while average house prices have now risen for 19 consecutive quarters, the increase has slowed.

Professor Donald MacRae, chief economist at Lloyds TSB Scotland, said: "Although there are wide variations across Scotland, there is now clear evidence that the annual rate of increase in average prices is slowing to a level much more consistent with the average annual increase of earnings of 4 to 5%.

"The underlying economic environment remains benign. Unemployment remains at the lowest level for 30 years, accompanied by robust levels of increase of retail sales and continuing high levels of consumer confidence."


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