Scotland reports 2020 Citi Scotland

House prices in Dundee rose by more than 11 per cent in 2021

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dailyrecord.co.uk

The average price of a house in Dundee exploded to over £190,000 during 2021, according to a new report.Property prices rose from an average of £171,918 in 2020 to £191,407 in 2021 - an increase of £19,488 or around 11.3 per cent.

Prices had risen just 3.5 per cent the year before - and the rise this year is greater than the Scottish average of 8.8 per cent.

The rates have been compiled by the Bank of Scotland, which publishes an annual report on trends in the property market. It pulled the data together from the mortgages it offered to customers throughout the year.

Graham Blair, the bank's mortgages director, believes the price boom may be linked to people being pickier about where they live because of the growth of working from home.

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