Page last updated at 11:01 GMT, Wednesday, 5 August 2009 12:01 UK

Figures show rise in house sales

For sale signs
The number and value of house sales appear to be rising

The latest statistics on house sales in Scotland have shown signs of a pick up in the market.

Figures from the Registers of Scotland, which compiles all house sales across the country, indicated the volume of transactions rising.

The statistics also showed an increase in the total value of sales by 42%.

The figures covered house sales which completed between April and June 2009 but the year-on-year figures still showed a 6.5% drop.

The statistics showed the total value of sales across Scotland registered during the second quarter of 2009 (April - June) was more than £2.3bn, a decrease of 51.2% over the same quarter last year.

The volume of sales transactions in Scotland during the second quarter decreased by 47.8% compared with the same quarter last year.

The average house price for Scotland over the second quarter showed a decrease of 6.5% when compared with the same period in 2008.

Area increases

The average price of a residential property in Scotland for this quarter was £145,553.

Edinburgh recorded the highest average residential price at £198,928 though that represented a decrease of 9.7% compared with the same quarter last year.

Edinburgh remained the largest market with sales of just over £320m for the quarter, a decrease of 52.7% over the same quarter last year.

The highest increase in average price was recorded in the South Ayrshire local authority area with a 1.8% rise to an average price of £149,838.

Falkirk recorded the highest year-on-year decrease, at 13.7%, with the average residential price currently standing at £115,664.

Only Clackmannanshire, Orkney Islands, Shetland Islands and South Ayrshire local authority areas have shown increases in average property prices compared with the previous year.

Detached properties showed the largest decrease in house price averages at 10.3%, while flatted properties showed the smallest decrease at 7.3% when compared with the same period last year.



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SEE ALSO
House prices 'fell 0.5% in June'
08 Jul 09 |  Business
House sales 'continuing to rise'
24 Jun 09 |  Business
Surveyors hail new home reports
31 May 09 |  Scotland

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