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Borders house prices on the increase

The Borders is the ninth most expensive area to buy a home in Scotland, new figures have shown

The Borders is the ninth most expensive area to buy a home in Scotland, new figures have shown

House prices in the Scottish Borders have shot up by over 11 per cent in the 12 months to May, latest figures have shown.

The figure for the average price a home is sold for in the region stood at £175,035 in May, almost eight per cent higher than the national average. In May last year the average price was just one per cent higher than the Scottish average.

The figures n published in the LSL Property Services/Acadata House Price Index show that the Borders is the ninth most expensive place to buy a house in Scotland.

Although the national average increased by 4.3 per cent between May 2013 and May this year, in the Borders it rocketed by 11.3 per cent, the fourth biggest jump in the country.

Further figures released by property consultants Knight Frank showed that ‘prime’ property prices in the Borders rose by almost six per cent between June last year and this.

The price of country houses grew in the area by three per cent more than the Scottish average.

 

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