House prices on the rise in Aberdeenshire

House prices increased more than average in Aberdeenshire.
House prices increased more than average in Aberdeenshire.

House prices increased more than average for Scotland in Aberdeenshire in August, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 1.2% annual growth .

The average Aberdeenshire house price in August was £189,784, Land Registry figures show – a 0.5% increase on July.

Over the month, the picture was similar to that across Scotland, where prices increased 0.3% , but Aberdeenshire underperformed compared to the 0.8% rise for the UK as a whole.

Over the last year, the average sale price of property in Aberdeenshire rose by £2,300 – putting the area 20th among Scotland’s 32 local authorities for annual growth.

The best annual growth in the region was in Na h-Eileanan Siar, where properties increased on average by 11.5%, to £122,000. At the other end of the scale, properties in Aberdeen dropped 8.3% in value, giving an average price of £146,000.

Owners of detached houses saw the biggest improvement in property prices in Aberdeenshire in August – they increased 1%, to £266,596 on average. Over the last year, prices rose by 1.4%.

Semi-detached house prices rose by 0.2% monthly; up 1.4% annually, with £165,567 the average price.

Terraced houses rose 0.2% monthly; up 1.3% annually; £136,915 average, while flats remained level over the month; down 0.1% annually; £105,977 average.

First-time buyers in Aberdeenshire spent an average of £ 150,400 on their property – £1,500 more than a year ago, and £8,100 less than in August 2014.

By comparison, former owner-occupiers paid £ 217,100 on average in August – 44.3% more than first-time buyers.