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Average Scottish house price dips in September – LSL

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  • 19/11/2014
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Average Scottish house price dips in September – LSL
The average house price in Scotland dropped by an average of 0.4%, (£587) during September according to a report by LSL property services.

The biggest drop in prices were seen at the top end of the market in Edinburgh and Aberdeenshire. Overall, there was an increase in sales as the No vote in the Scottish referendum ended the uncertainty in the market.

The 15% increase in sales during September slowed the annual change to 5.1%.

Christine Campbell, regional managing director of Your Move, said: “Following almost a year of fair winds and steadfast price rises, this is the second month in succession to muddy the waters, with average house prices in Scotland falling a further 0.4% in September.”

Two of the most expensive areas in the country saw the tide turn. Prices in Edinburgh dropped 1.3% in September and Aberdeenshire saw a slump of 1.2% over the month. This reflected the ripples seen in prime central areas of London, as the top tier of the housing market experienced the keenest downturn.

Yesterday, a report from the Rightmove House Price Index said that UK average house prices increased by 12.1% over the year to September 2014, the highest annual rise since 2007.

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