Page last updated at 13:49 GMT, Friday, 5 February 2010

Scottish house prices on the rise

Sale sign
Flats saw the biggest rise in Scottish prices

Official figures have shown that house prices rose in the final three months of last year by 1.3% compared with the same period last year.

The Registers of Scotland data said this was the first annual rise in prices for 18 months.

The number of houses sold also jumped sharply - up 11.7%, with the total value of sales breaking £3bn.

Flats showed the largest increase in prices of 4.9% while detached homes showed the biggest decrease of 1%.

The data covers all house sales, including those which are sold for cash.

Largest rise

The figures showed that 21,498 houses were sold between October and December last year.

This is first annual increase in sales volume for almost two and a half years.

East Dunbartonshire recorded the largest rise in the number of sales with an increase of more than 43%, however prices in this area fell more sharply than anywhere else in Scotland - the average cost of a home down almost £26,000 in just one year.

Across the other side of the country, it was a different story in East Lothian where the cost of an average house rose by £20,000.

The most expensive place to buy remained Edinburgh where the average cost of a home was £209,456.

The cheapest area was the Western Isles (Eilean Star) where the price of a house was £91,544.



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