Prices are still rising every quarter

Statistics show that the average price for a residential property in Scotland increased from July to September to a new high of �118,141.

The increase is a rise of 15.6% from the same quarter last year and 9.2% up on the previous quarter.

Edinburgh has the highest figure with the average price at about �156,117.

The highest year-on-year increase, at 24%, is in the Highlands and Islands where the average house is �103,179.

The Glasgow area remains the largest market with sales of a little over �1.3bn for the period, which is an increase of over �146m or 12.4% over the same period last year.

Average price by area Edinburgh - �156,117 South East - �128,142 Glasgow - �114,441 Grampian - �107,779 Central - �105,446 Highlands & Islands - �103,179 South West - �100,864

The total value of sales across Scotland registered during the quarter is �4.31bn equating to an increase of �852m or 24.7% over the last quarter.

This means that the total value of the residential property market in the last year is greater than �14.3bn.

These figures include residential sales for cash, where there is no mortgage, which occurs in more than 20% of transactions.