Annual Scottish house price growth fell to 4.4% in June after a 0.7% monthly fall, Your Move’s House Price Index has found.
The fall has been driven by a slowdown in Edinburgh, where prices fell by 1.0% month-on-month but are still 8.3% higher than a year ago.
The Shetland Islands have the highest annual house price growth (20.5%), followed by West Lothian (10.6%) and Inverclyde (10.4%).
Christine Campbell, Your Move managing director in Scotland, said: “The market in Scotland has noticeably slowed as we’ve gone into the summer yet it still shows some strong annual growth, and it’s encouraging to see almost all areas showing positive performance.”
Scotland’s house prices averaged at £182,163 in June, £7,759 more than a year ago.
Edinburgh has the highest house prices in Scotland, averaging at £273,897.
Alan Penman, business development manager for Walker Fraser Steele, one of Scotland’s oldest firms of chartered surveyors and part of the LSL group of companies, said: “Despite a slowdown, Edinburgh remains the foundation of the market in Scotland, showing a market with considerable resilience.”
Source: Mortgage Introducer