House Price Index //

WFS House Price Index (Scotland) – September 2020

Understand the changes in transaction numbers and average house prices across Scotland in September 2020.

Highlights from the September House Price Index:

  • House prices continue to rise in September
  • Lockdown-inspired ‘lifestyles’ influencing buyers’ choice
  • Stirling has the highest annual growth on the mainland, at 14.1%

Note: The Walker Fraser Steele House Price Index (Scotland) was formerly the Your Move Acadata House Price Index. Content and methodology are unchanged. Please refer to the Notes at the end of the report for more information.

Alan Penman, business development manager at Walker Fraser Steele,
comments:

“September proved to be another booming month for Scottish house prices, with average figures rising again month on month to a level 3% higher than the previous year. Largely this has come as a result of changing demand from buyers, many of whom have opted for larger, more expensive, houses with bigger gardens and more space for working from home.

“While market activity remains healthy, especially given the extraordinary circumstances, the coronavirus has meant that the Scottish property industry has not operated as normal and we might not see the full effects of this until we return to a more ‘normal’ state of play. In the meantime, the priority for all involved rightly continues to be the safety and wellbeing of everyone involved in the process and the wider Scottish public.”

Summary of regional house price changes:

Note: The monthly Walker Fraser Steele House Price Index reports on transaction numbers and the movement of average house prices in Scotland, including regional data. The Index uses:

  • The actual prices at which every residential property in Scotland was transacted, including prices for properties bought with cash, using the data provided by Registers of Scotland as opposed to valuation estimates or asking prices
  • The price of every single relevant transaction, as opposed to prices based upon samples.