Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Scottish home prices grew annually by 3.8% amidst poor economic situation in Q1 2023
Posted on May 12, 2023 |
In Q1 2023, the Scottish housing market showed resilience in the face of economic headwinds, as home prices grew annually by 3.8% but the overall number of transactions fell by 11%.
The overall turnover on the value of property sold in the country dropped to £4.1 billion from £4.4 billion in Q1 2022 with the total number of transactions down to 19,124.
In the first 3 months of 2023, the average price of residential property soared to £213,850 compared to last quarter.
In Glasgow, average home prices grew by 0.2% to £191,230, and in Edinburgh, prices grew by1.6% to £322,449.