East Dunbartonshire house prices increased more than Scotland average in July

House prices increased by 1.6% – more than the average for Scotland – in East Dunbartonshire in July, new figures show.
General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.
General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.

House prices increased by 1.6% – more than the average for Scotland – in East Dunbartonshire in July, new figures show.

But the rise does not reverse the longer-term trend, which has seen property prices in the area suffer a 0.1% annual decline.

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The average East Dunbartonshire house price in July was £263,387, Land Registry figures show – a 1.6% increase on June.

Over the month, the picture was different to that across Scotland, where prices increased 1.1%, and East Dunbartonshire was above the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in East Dunbartonshire fell by £360 – putting the area 17th among Scotland’s 32 local authorities with price data for annual growth.

The highest annual growth in the region was in Na h-Eileanan Siar, where property prices increased on average by 22.3%, to £186,000. At the other end of the scale, properties in West Dunbartonshire lost 7% of their value, giving an average price of £133,000.

First steps on the property ladder

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First-time buyers in East Dunbartonshire spent an average of £194,710 on their property – £170 less than a year ago, but £36,730 more than in July 2018.

By comparison, former owner-occupiers paid £313,700 on average in July – 61.1% more than first-time buyers.

Property types

Owners of terraced houses saw the biggest rise in property prices in East Dunbartonshire in July – they increased 1.8%, to £198,365 on average. Over the last year, prices dropped by 0.3%.

Among other types of property:

  • Detached: up 1.8% monthly; up 0.2% annually; £473,323 average
  • Semi-detached: up 1.5% monthly; down 0.9% annually; £273,644 average
  • Flats: up 1.4% monthly; down 0.1% annually; £140,355 average

How do property prices in East Dunbartonshire compare?

Buyers paid 37.3% more than the average price in Scotland (£192,000) in July for a property in East Dunbartonshire. Across Scotland, property prices are low compared to those across the UK, where the average cost is £290,000.

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The most expensive properties in Scotland were in Edinburgh – £333,000 on average, and 1.3 times the price as in East Dunbartonshire. Edinburgh properties cost 2.6 times the price as homes in East Ayrshire (£126,000 average), at the other end of the scale.

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

Factfile

Average property price in July

  • East Dunbartonshire: £263,387
  • Scotland:£191,870
  • UK: £289,824

Annual change to July

  • East Dunbartonshire: -0.1%
  • Scotland: +0.1%
  • UK: +0.6%

Highest and lowest annual growth in Scotland

  • Na h-Eileanan Siar: +22.3%
  • West Dunbartonshire: -7%