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The latest statistics on house sales in Scotland have shown signs of a pick up in the market.

Figures from the Registers of Scotland, which compiles all house sales across the country, indicated the volume of transactions rising.

The statistics also showed an increase in the total value of sales by 42%.

The figures covered house sales which completed between April and June 2009 but the year-on-year figures still showed a 6.5% drop.

The statistics showed the total value of sales across Scotland registered during the second quarter of 2009 (April - June) was more than £2.3bn, a decrease of 51.2% over the same quarter last year.

The volume of sales transactions in Scotland during the second quarter decreased by 47.8% compared with the same quarter last year.

The average house price for Scotland over the second quarter showed a decrease of 6.5% when compared with the same period in 2008.

Area increases

The average price of a residential property in Scotland for this quarter was £145,553.

Edinburgh recorded the highest average residential price at £198,928 though that represented a decrease of 9.7% compared with the same quarter last year.

Edinburgh remained the largest market with sales of just over £320m for the quarter, a decrease of 52.7% over the same quarter last year.




Added on: 05/08/09

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