Scotland lags UK as house prices rise

Image source, PA

House prices rose in Scotland last year - but at a much slower pace than most other areas of the UK.

found prices north of the border rose by 0.4% in the year to November, compared with a UK figure of 7.7%.

House price annual inflation was 8.3% in England, 1.3% in Wales and 4.6% in Northern Ireland.

Scottish prices are now 0.8% below their pre-economic downturn peak of June 2008.

Excluding London and the south east, UK house prices increased by 5.8% in the 12 months to November.

Scotland shared the lowest increase in the UK with the north east of England.

Average house prices in Scotland stood at 拢195,000 in November.

This compared with 拢302,000 in England, 拢173,000 in Wales and 拢158,000 in Northern Ireland.