Edinburgh and Aberdeen house prices up 6.6%

The average house price in Scotland is now £183,230


Edinburgh and Aberdeen lead the way as house prices rise by 6.6%

House prices in Scotland have increased by more than 6%, outperforming the average British home value rise, according to a report.

Edinburgh and Aberdeen recorded some of the biggest rises in the analysis carried out by property website Zoopla.

The average price of a home in Scotland now stands at £183,230 following a 6.6% increase from January.

This compares to a rise of 2.7% over the same period for the average home in Britain, which now costs £270,674 - up by almost £7,000.

Property values rose across all parts of the UK in the first half of the year but at different rates.

Prices in the Scottish capital registered the largest growth by going up 8.2% and Aberdeen experienced a 6.4% rise while London saw a 2.5% increase.

The increase of £20,465 took the average price in Edinburgh to £269,947.

Lawrence Hall, of Zoopla, said: "The real winner here is Scotland. "The surge in property values can, in part, be explained as a post-referendum bounce, as businesses and capital flood back to Scotland, after withholding investment during the volatile September referendum period.

"A post-general election feel-good factor must not be discounted as more devolution promised has given property prices a bounce as Scots anticipate more jobs and investment coming their way."

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