By Gavin Pennie

SCOTLAND’S property market is enjoying a revival, with the average house price rising by £700 within a month.

New figures show two-thirds of council areas enjoyed growth in property values during August.

The figures show Glasgow recorded its highest average price for the second month in succession, for the first time since the 2007 property boom.

Read more: Georgian mansion goes on sale for the price of four-bedroom home in Edinburgh

According to the latest Your Move/Acadata report, the average house price in Glasgow rose to £147,974 which is £9,000 more than the same time last year.

Christine Campbell, Your Move managing director in Scotland, said: “Glasgow setting a new peak for the second consecutive month suggests a Scottish market that’s proving remarkably resilient.

“While tax changes have seen a slowdown in transactions of high-priced property in Scotland, the market overall is demonstrating broad-based growth. So far this growth seems to be holding steady in an uncertain future post-Brexit.”

The average house price in Scotland reached £169,834 in August, and is now £4,000 above its level at the same time last year, with annual growth of 2.4 per cent.

Read more: Georgian mansion goes on sale for the price of four-bedroom home in Edinburgh

A total of 21 out of 32 local authority areas saw prices grow, led by Inverclyde, where values were up by 5.7 per cent.

It was followed by Clackmannanshire (5 per cent) and South Ayrshire and North Ayrshire (both 4.4 per cent).

Prices in Scotland’s capital continue to show strong annual performance, with the average value in the City of Edinburgh now standing at £242,518 – up £16,585 on last year.

East Renfrewshire has also seen significant annual growth, with the average price increasing by almost nine per cent to £241,472.

The fastest growing areas over the past year, however, have been the Shetland Islands and the Western Isles, where prices are up by around 11 per cent.

Earlier this week, it was revealed the purchase of a large detached residence in Bearsden for £2.42 million had set a new record for a house sale in the Glasgow area.

Read more: Georgian mansion goes on sale for the price of four-bedroom home in Edinburgh

Alan Fleming, partner at Shepherd Chartered Surveyors, said: “It’s clear that the overall housing market in Bearsden and Milngavie is very strong, with some fantastic sales being achieved, and that can be attributed largely to the location, proximity to good schools and the quality of local amenities.”

A separate report by property analysts Hometrack shows there are signs that buyers in major UK cities continue to feel confident in the market, despite the Brexit vote in June.

According to Hometrack, both Glasgow and Edinburgh experienced growth in house prices during the three months to September. But growth in London has slowed to its weakest levels in nearly two years.

Richard Donnell, insight director at Hometrack, said: “In the immediate aftermath of the vote to leave the EU there was little obvious impact on the housing market and the rate of house price growth.

“Three months on and it is becoming clear households in large regional cities outside southern England continue to feel confident in buying homes and taking advantage of record low mortgage rates where affordability remains attractive for those with equity.”