New homes in Scotland increase in value

People looking to buy a house in Scotland may be happy to learn that the price of new homes has increased, according to one index.

The SmartNewHomes New Homes and Migration Monitor has revealed that house prices in the region have increased by five per cent over the past month.

Meanwhile, a rise of 8.2 per cent has been experienced since the same time last year, showing that Scotland is still strong, the report attests.

In terms of migration, Scotland has seen a 3.5 per cent increase in people moving there.

"Scotland is outperforming the rest of the UK, pulling up average prices," the report said.

Elsewhere, the price of a new home has increased in the West Midlands and south-west of the UK, while greater London has seen a decrease of 4.2 per cent over the last month.

The Halifax House Price Index for March showed that Scottish property values increased by 5.3 per cent.