House prices in Scotland have risen by a five-year record during the past year, the most recent data shows.
The average price of property has grown by 12 per cent since June 2021, according to the latest UK Government's House Price Index (HPI).
The jump is the third highest in the UK, and means that the average house price now stands at £173,961, an increase of 2.4 from.
The UK average house price was £265,688 which was an increase of 13.2 per cent on June 2020 and an increase of 4.5 per cent on the previous month.
Analysis of the volume of residential sales in Scotland in April 2021 shows that the end of lockdown had a significant impact on the number of properties changing hands.
READ MORE: Average property worth 6 per cent more than in 2019
A total of 7,007 houses changed hands duing that month, an increase of 199.4 per cent on the original provisional estimate for April 2020.
This compares with increases of 111.8 per cent in England, 85.2 per cent in Wales, and 41.8 per cent in Northern Ireland.
Lockdown had an impact on the volume of sales
Accountable Officer Janet Egdell said: “Prices continue their trend upwards in June, and the number of transactions has reverted to a more normal pattern in the first couple of months of this financial year.
"Over the year as a whole from May 2020 to end of April 2021, volumes have picked up and cumulatively are now 4 per cent higher than the previous year.”
READ MORE: Biggest annual house price jump recorded north of the border
In Scotland, Detached properties showed the largest increase in average house price, rising by 14.2 per cent in the year to June 2021 to £307,453, although this figure may have been affected by the low numbers of transactions recorded in June 2020.
Flatted properties showed the smallest increase, rising by 9.0 per cent in the year to June 2021 to £120,893.
Average price increases were recorded in 31 out of 32 local authorities, when comparing prices with the previous year. The largest increase was in East Renfrewshire where the average price increased by 22.0 per cent to £254,771. The smallest increase was recorded in Angus, where the average price increased by 1.8 per cent to £150,819.
The only decrease was recorded in the Western Isles, where the average price decreased by 5.5 per cent to £123,572.
In June 2021, the highest-priced area to purchase a property was City of Edinburgh, where the average price was £302,936.
In contrast, the lowest-priced area to purchase a property was East Ayrshire, where the average price was £103,630.
Colby Short, founder and CEO of estate agent comparison site GetAgent.co.uk, said: “Scotland may have seen the lowest rate of monthly house price growth but it’s perhaps a tad unfair to compare this to England and Northern Ireland where the market is still seeing a stamp duty holiday boost.
"In fact, the Scottish house price figures demonstrate a market that has continued to perform strongly despite a ‘return to normality’, and the proof of this is the long-term view of annual house price growth.
"For any region to be posting double-digit growth on an annual basis is a very encouraging sign indeed and it’s clear that there has been no stamp duty holiday cliff edge as Scottish buyers continue to pay a fine price for their chosen property."
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