Scotland's cheapest and most expensive places to live named in new government data
21.12.2023 - 12:33
/ dailyrecord.co.uk
The cheapest and most expensive areas to live in Scotland have been named in a new report by the UK Government.
The government published its latest House Price Index for Scotland on Wednesday, which reveals the latest information on property prices across each of Scotland's local authorities over the 12 months to October 2023.
According to the latest report, the average price of a property in Scotland was £191,233, with average house prices in the country increasing by 0.2 per cent in the 12 months leading up to October. This was found to be down from 0.8 per cent in the 12 months to September.
In terms of the cheapest areas to purchase property in Scotland, East Ayrshire came in at number one, with the average cost being £128,148. This is a decrease of 1.8 per cent from October 2022, when the average property was priced at £130,450.
Elsewhere, Inverclyde and North Ayrshire were found to be the second and third cheapest areas in Scotland to buy a home in October 2023, costing on average £129,135 and £131,556 respectively. Meanwhile, the City of Aberdeen and West Dunbartonshire round out the top five, with the average property priced at £138,529 and £140,068 for each.
Moving over to the most expensive areas in Scotland to buy property, the City of Edinburgh topped the list — costing £343,699 on average. This marks a 3.1 per cent increase compared to average prices in October 2022, when they were at £333,375.
According to the report, East Lothian and East Renfrewshire are the second and third most expensive Scottish local authorities — where you can expect to fork out £333,683 and £302,198 respectively. Finally, East Dunbartonshire and Stirling complete the top five priciest areas in Scotland, with the average property in each