Current upheavals aside, the total value of the residential sales market in Scotland from 2006 to 2016 was just over £148.2 billion, according to a new report published today by Registers of Scotland (RoS) which details the trends over the decade’s peak years, and in the wake of the economic downturn.
Kenny Crawford, RoS’ director of commercial services, said: “The Scottish property market is a significant contributor to the Scottish economy.
“In 2015-16, the total value of residential sales alone was £16.7 billion. We’ve seen an increase in average house prices, up 19.7 per cent between 2006-07 and 2015-16, from £139,207 to £166,624.”
The report, the most comprehensive property transaction report in the country also notes a 16.9 per cent increase in the number of residential properties sold for over a million pounds.
Source: heraldscotland