As compared with the previous month, house prices in Scotland were unchanged on a non-seasonally adjusted basis, whilst on a seasonally adjusted basis there was a decrease of 0.5 per cent.

The UK average house price was £288,000 which was an annual increase of 2.7 per cent on June 2023. Comparing with the previous month, UK house prices increased by 0.5 per cent on a non-seasonally adjusted basis and were unchanged on a seasonally adjusted basis.

The volume of residential sales in Scotland in April 2024 was 7,646. When compared with the first published figures for April 2023 this was an annual increase of 10.8 per cent.

A Registers of Scotland spokesperson said: “There was an increase of 4.3 per cent (to £192,000) in the average house price for Scotland in the 12 months to June 2024. This compares to an increase of 2.7 per cent (to £288,000) in average house prices for the UK as a whole.”

Average prices for local authorities are based on a three-month moving average to help remove some of the volatility in the series. Increases were recorded in 28 out of 32 local authority areas, when comparing prices with the previous year.

The largest increase was in West Dunbartonshire where the average price increased by 9.4 per cent to £138,000. The largest decrease was recorded in Inverclyde, where the average price decreased by 0.9 per cent to £123,000.

In June 2024, the highest-priced area to purchase a property was City of Edinburgh, where the average price was £334,000. In contrast, the lowest-priced area to purchase a property was Inverclyde, where the average price was £123,000.