House prices in Scotland now rising six times faster than south of the border

House prices are now growing six times faster in Scotland than in England and Wales.

The Your Move House Price Index for February showed that annual house price growth was up 7.3% to £182,936.

This was helped by low transaction figures and a number of high value sales in Edinburgh, Your Move said.

The EH10 postcode saw eight properties sell for an average of £1.15m each during the month.

Edinburgh accounts for 28% of the increase in prices over the year, and  Glasgow another 14%, according to the index.

Christine Campbell, Your Move managing director in Scotland, said: “Scotland continues to enjoy unexpectedly strong housing growth – with prices rising at their  fastest rate in a decade.

“Both high priced property and the major cities are fuelling a mini housing boom.”

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