Scottish Borders records Scotland’s biggest rise in house prices

House prices increased more than average for Scotland in the Scottish Borders in March, new figures show.

Friday, 22nd May 2020, 12:03 pm
The average price of a house in the Scottish Borders in March this year was £162,926.

​The ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 12.3 per cent annual growth​ – the highest in Scotland.

The average Scottish Borders house price in March was £162,926, according to Registers of Scotland figures – a 2.5 per cent increase on February.

Over the month, the picture was ​better than that across Scotland, where prices ​increased 0.4 per cent​, and the Scottish Borders outperformed the 0.2 per cent drop for the UK as a whole.

Over the last year, the average sale price of property in the Scottish Borders ​​rose by £18,000 – putting the ​area top among Scotland’s 32 local authorities for annual growth.

At the other end of the scale, properties in Orkney Islands dropped 6.0 per cent in value, giving an average price of £131,000.