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Dumfries and Galloway house prices rise by more than £15,000 in 12 months

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dailyrecord.co.uk

House prices have risen by an average of £15,572 in Dumfries and Galloway in the past year.New figures show a 10.9 per cent hike, climbing from £143,358 in March, 2021, for the average property to £158,930 in March this year.This works out at the value of houses rising by £43 every day.However, the inflation of the housing market is much higher in other parts of Scotland, according to the latest stats from the Office for National Statistics.The average house price in East Lothian rose by 16 per cent in the year to March.

That was an increase from £248,479 to £288,178 in a year – meaning, on average, house prices have grown by £39,699, or the equivalent of £109 a day.In the city of Edinburgh, prices are up £37,134, or an average of £102 a day, going from £285,721 to £322,855.There’s also been a 11.9 per cent rise in house prices in East Renfrewshire, or a £29,925 increase over the year (£82 per day).

The average home now costs £282,390, compared to £252,465 a year before.UK average house prices increased by 9.8 per cent over the year to March, 2022, down from 11.3 per cent in February, 2022.

The average UK house price was £278,000 in March ,2022, which is £24,000 higher than this time last year.Nathan Emerson, chief executive of Propertymark, which represents estate agents, said: “The year-on-year increase shows there is still plenty of momentum within the housing market.

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