Scotland outperforms UK for 17th successive quarter

House price inflation in Scotland has continued to outperform the UK for the 17th consecutive quarter, according to new data from Nationwide.

In news that may be of interest to those looking to buy or sell a house in Scotland, while the average UK house price currently stands at £183,959, north of the border the figure is £151,178.

Prices in Scotland rose by 10.1 per cent in the 12 months ending in December 2007, compared to 6.9 per cent for the UK overall.

Aberdeen was listed as one of the five "hottest" regional towns and cities, boasting an annual change of 25 per cent with the average house price now standing at £234,041.

Nationwide predicts that Scotland will continue to perform strongly in comparison to other areas of the UK, forecasting price increases of around four per cent north of the border in 2008, in news that may interest those looking to buy a house in Scotland.

In recent days, the firm stated that double-digit house price growth was seen by Edinburgh during 2007.