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Ailsa Watson

Associate

Property market update

According to figures released by the Bank of Scotland, a Fife town saw the biggest leap in house prices in Scotland last year.

Whilst on average, prices in Scotland jumped by 10.9%, Kirkcaldy recorded the biggest percentage increase with a rise of 29%, followed by Johnstone in Renfrewshire where prices increased by 24.3%.

Edinburgh remains the most expensive Scottish city to buy a property and average house prices have reached £330,607 after increasing by 12.9%.Meanwhile, Glasgow saw average prices rise to £246,209 this year, an increase of 13.6%.

Ayr and Inverurie in Aberdeenshire were the only towns to see prices fall back during 2022, by 1.7% and 0.2% respectively.

As always, whether you are a first time buyer, a property investor, moving house or just selling, our experts in our property department will be happy to discuss and to assist you.