Glasgow accounts for bulk of Scottish house price growth

House prices in Scotland rose 3% to £175,070 in the year to May, but much of the growth is coming from just one city, Your Move claims.

The agent’s latest House Price Index said Glasgow accounted for 60% of price increases, experiencing annual growth of 10.9% to £151,622.

Prices were up just 0.6% on a monthly basis across Scotland.

East Lothian saw the biggest increase in the month at 5.4% to £288,195, boosted by the sale of the second most expensive property in Scotland this year, while East Ayrshire showed the strongest annual performance, up 13.2% to £125,550.

Christine Campbell, managing director of Your Move in Scotland, said: “After a surge in April, Scotland has returned to its long-term pattern of modest but fairly steady price rises.

“That hides wildly different fortunes in its various areas, though, and price increases are heavily dependent on a few key areas.”

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