05 September 2005 Latest News
House-price report reveals hotspots

DUNDEE IS currently sitting at the top of the table of Scottish cities in terms of house price rises, while Carnoustie has recorded the largest price rise in the country over the past three years, according to the latest figures from MyHousePrice.com.

The property information company says the median price change in the 12 months to July was 18.5% in Dundee, with Aberdeen experiencing a price rise of 14.5%.

Over the same period, the slowdown continued in Edinburgh, Glasgow and Inverness, which all registered price growth in single figures.

The figure for the whole of Scotland was 11.3%.

Considering the figures over the past three years, Angus and Fife featured in the table of top 10 local authorities, registering rises in median price of 75.2% and 63.1% respectively.

“Overall, the picture that emerges is of significant rises in house prices in primarily suburban and mixed urban/rural authority areas,” says the report.

A further breakdown of the three-year figures shows that a number of locations have seen higher rates of price growth than their local authority as a whole.

Carnoustie tops the league, with a price rise of 130%, giving a median house price in July of £131,000, followed by Crieff (110%, £140,750); Dunblane (108%, £193,000); Rosyth (104%, £88,950); and Cupar (100%, £119,950).