 Renfrewshire showed the smallest sign of recovery |
Property prices in Scotland have increased in the last quarter, though the figures show a decrease when compared with the same period in 2008. Registers of Scotland issued figures showing the average residential property price increased by 6.1% from July to September and is now £154,453. This, however, is a decrease of 3.6% when compared with the same period last year. The largest increase was in Perth and Kinross, where prices rose by 15%. Renfrewshire showed the smallest sign of recovery, with prices falling by 3.7%. 'Full picture' The figures were collated by the Registers of Scotland (RoS) - a government department responsible for compiling and maintaining registers for property in Scotland. Sheenagh Adams, the Keeper of the Registers of Scotland, said the figures showed "signs of improvement" in the Scottish property market, despite the year-on-year drop. "RoS is the only organisation that holds the full picture of what's happening in the property market as we register every sale and property transfer in Scotland," she said. "These latest figures show signs of improvement in the property market although we received nearly 5,000 less transactions than in the same period last year."
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