House prices in East Dunbartonshire soar above national average

House price riseHouse price rise
House price rise
House prices increased by 2% in East Dunbartonshire in October – more than the average for Scotland – new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 14.7% annual growth.

The average house price in the area in October was £251,657, Land Registry figures show – a 2% increase on September.

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Over the month, the picture was better than that across Scotland.

Prices increased 0.4%, and East Dunbartonshire outperformed the 1.1% drop for the UK as a whole.

Over the last year, the average sale price of property in East Dunbartonshire rose by £32,000 – putting the area 12th among Scotland’s 32 local authorities with price data for annual growth.

Owners of flats saw the biggest improvement in property prices in East Dunbartonshire in October.

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They increased 2.5%, to £135,506 on average. Over the last year, prices rose by 10.7%.

Among other types of property: Detached: up 1.5% monthly; up 18.9% annually; £451,004 average.

Semi-detached: up 2% monthly; up 14.2% annually; £262,103 average.

Terraced: up 2.1% monthly; up 14.2% annually; £188,324 average

First steps on the property ladder.

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First-time buyers in East Dunbartonshire spent an average of £186,000 on their property – £22,000 more than a year ago, and £38,000 more than in October 2016.

By comparison, former owner-occupiers paid £300,000 on average in October – 61.6% more than first-time buyers.

Buyers paid 38.7% more than the average price in Scotland (£181,000) in October for a property in East Dunbartonshire.

Across Scotland, property prices are high compared to those across the UK, where the average cost of a home was £268,000.

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The most expensive properties in Scotland were in Edinburgh – £319,000 on average, and 1.3 times as much as more than in East Dunbartonshire.

Edinburgh properties cost 2.7 times as much as homes in Inverclyde (£119,000 average), at the other end of the property scale.

The highest property prices across the UK were in Kensington and Chelsea.