Property sales and prices rise

Property sales through Scottish solicitors grew by 29 percent in the three months to September, according to an analysis of the latest data by SPC Scotland.

Solicitors across Scotland sold more than 8000 properties during the third quarter of the year – up from a little more than 6200 during the same period in 2012.

The Perth area saw the biggest leap in sales, up by 54 percent compared to last year, followed by Edinburgh and the east (up by 45 percent) and Aberdeen (up by 30 percent). But almost every part of Scotland reported double digit growth in sales, with the exception of the Borders and Fife.

The average house price also rose though at a much more modest rate. Across Scotland the average house price rose by 3.2 percent from £176,348 during the third quarter of 2012 to £182,058 during the same period this year.