There were three falls in values last year with the largest in Dumfries and Galloway where average prices dropped by £8,354; were down £6,759 in Argyll and Bute; and fell £540 in Moray.
David Alexander, the chief executive officer of DJ Alexander Scotland, says: “The Scottish housing market has remained remarkably resilient over the last few years. An increase of £7,599 equates to a 4.2% rise last year at a time when interest rates had risen, utility bills were soaring, and there were concerns over the sluggish performance of the economy.
“Despite all of these factors almost every part of Scotland recorded an increase in average prices with five areas having a double digit rise over the twelve months.
“The largest increases occurred in and around Edinburgh and Glasgow highlighting how popular these areas remain for buyers. People seem to be drawn back to live and work in cities again and the trend for rural and remote homebuying may be on the decline.
“Certainly, the drop in prices in Moray, Argyll and Bute, and Dumfries and Galloway would indicate this as the trend toward country life may be reversing at the moment. It was interesting to note that Aberdeen and Aberdeenshire have both experienced positive growth which must be due to the announcements of further developments in the oil and gas sector which is once again revitalising the economy in the North-East.
“These figures are remarkably positive and indicate a housing market that remains robust and buoyant. With interest rates likely to fall, employment remaining high I believe these increases in Scottish house prices are likely to continue in the coming year.”
Table: Average house price increases between 01/2023 and 12/23 from largest price gain to smallest
Location 01/23 12/23 Difference
East Renfrewshire £281,250 £309,608 £28,358
East Lothian £307,109 £329,427 £22,318
Midlothian £227,536 £243,932 £16,396
East Dunbartonshire £255,572 £271,752 £16,180
Edinburgh £324,508 £337,558 £13,050
Stirling £242,660 £251,868 £9,208
Renfrewshire £146,078 £154.961 £8,883
All Scotland £182,742 £190,341 £7,599
Highland £203,638 £210,898 £7,260
Borders £194,449 £201,232 £6,783
Dundee £139,871 £146,225 £6,354
South Lanarkshire £160,953 £167,284 £6,331
West Lothian £205,657 £211,838 £6,181
Clackmannanshire £163,689 £168,907 £5,218
Falkirk £164,589 £169,392 £4,803
Fife £168,792 £173,538 £4,746
Glasgow £169,864 £173,635 £3,771
Aberdeen £132,899 £136,574 £3,675
North Lanarkshire £133,950 £137,323 £3,373
Perth and Kinross £242,580 £245,528 £2,948
Aberdeenshire £199,224 £202,120 £2,896
Angus £167,668 £170,446 £2,778
South Ayrshire £167,807 £169,597 £1,790
East Ayrshire £124.315 £125,107 £792
West Dunbartonshire £137,549 £137,898 £349
North Ayrshire £127,244 £127,405 £161
Moray £189,801 £189,261 -£540
Argyll and Bute £192,168 £185,409 -£6,759
Dumfries and Galloway £164,071 £155,717 -£8,354
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