House prices in Dumfries and Galloway among cheapest in Scotland
The average home in Dumfries and Galloway cost £163,039 in the 12 months to August
House prices in Dumfries and Galloway are on average £31,000 cheaper than elsewhere in Scotland.
The average home in Dumfries and Galloway cost £163,039 in the 12 months to August, according to new data from the Land Registry.
That’s up one percent from July, however it’s a 2.3 percent drop from the same period last year.
Meanwhile, the average home in Scotland cost £194,156 in the 12 months to August – £31,117 more than the average property here.
Now sitting 24th out of the 32 council areas for house price valuations, Dumfries and Galloway is one of the least expensive places to buy a home in Scotland.
Only 8 council areas in Scotland are cheaper to buy a home
The only cheaper places to buy a house in Scotland, on average, are: Renfrewshire (£155,828), Dundee (£151,945), City of Aberdeen (£141,119), North Lanarkshire (£139,569), West Dunbartonshire (£134,682), Inverclyde (£129,373), North Ayrshire (£126,663), East Ayrshire (£123,571).
Meanwhile, the top five regions for most expensive house prices are: East Lothian (£336,885), Edinburgh (£335,815), East Renfrewshire (£286,227), East Dunbartonshire (£267,046), and Stirling (£246,817).
Average UK house prices increased by 0.2% in the 12 months to August 2023.
East Lothian has seen the largest year-on-year rise of any local authority in the UK.
The average home there sold for 15.4 percent more in the 12 months to August compared to the previous year.
In Rutland houses sold for 13.3 percent more, while in Harborough they cost 12.2 percent more, in Na h-Eileanan Siar 11.8 percent more, and in Newcastle upon Tyne 8.2 percent more.
Hastings and the London borough of Kensington and Chelsea saw the largest price drops, with homes in both local authorities falling by 10.4 percent in the 12 months to August, according to the Land Registry data.
In the Shetland Islands prices fell by 7.6 percent and in the Orkney Islands by 7.3 percent.