Scotland sees house price increases during 2007

Double-digit house price growth was experienced by two Scottish cities during 2007, according to Nationwide.

A survey of 30 towns and cities by the financial services firm suggests that Aberdeen saw a 25 per cent increase over the last 12 months, with the average house price standing at £234,041 at the end of 2007 compared to £186,497 at the close of 2006.

This is the equivalent of a £130 rise in price per day, in news that may be of interest to those looking to buy or sell a house in Scotland.

Edinburgh saw a boost of ten per cent, with the average house price in the city currently standing at £257,288 compared to £232,927 at the end of 2006.

Glasgow underwent a swell of nine per cent, with property prices increasing at £39 per day over 2007 to finish at £176,608.

It was recently reported by the Times that the number of people looking to buy a house in Scotland is bucking trends being set elsewhere in the UK, with Savills in Glasgow reporting that tenement flats under £100,000 are proving particularly popular.