Edinburgh house prices: Average house prices in Edinburgh rise while West Lothian town records highest fall

Latest figures published by the The Bank of Scotland reveal that Edinburgh has seen a rise of 6% in house prices since last year while the West Lothian town of Livingston recorded the largest drop in house prices across Scotland.
According to research from the Bank of Scotland earlier this month, Regent Terrace is the most expensive street in Edinburgh with the average price of a home sitting at £1.75m (photo: Google Maps).According to research from the Bank of Scotland earlier this month, Regent Terrace is the most expensive street in Edinburgh with the average price of a home sitting at £1.75m (photo: Google Maps).
According to research from the Bank of Scotland earlier this month, Regent Terrace is the most expensive street in Edinburgh with the average price of a home sitting at £1.75m (photo: Google Maps).

Edinburgh remains the most expensive place to stay in Scotland with the average property price of £274,246, despite only coming seventh place on the property increase table with a rise of 6% ( £15,581) in house prices since 2019.

Yet elsewhere in the east, Livingston recorded the largest drop in house prices across Scotland for this year.

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West Lothian’s largest town saw a fall in house prices of 8.1% on average, equivalent to £15,396, with the average house prices in the area dipping from £190,152 to £174,756 in the past 12 months.

Bathgate saw a rise of only 3%, taking its house prices up from £167,037 in 2019 to £172,127 this year.

Overall, Ayr was named the Bank of Scotland’s ‘house price winners’ as it saw the largest increase in house prices in comparison to the rest of Scotland.

The coastal town recorded an increase of 15.5% (£23,839) in the last 12 months, taking the average house price from £154,145 up to £177,984.

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Inverness had the largest growth in average price for a city in 2020, with an increase of 8.1% (£14,687) and an average property price of £195,534.

However, house hunters should turn to Paisley in Renfrewshire if they are looking for the most affordable housing as it clocks in with the lowest average house price of £138,036, around three times average earnings.

Scottish Towns with biggest increase in average house prices, 2019-2020

Ayr: £154,145 – £177,984 (15.5%) Dumfries: £135,550 – £154,021 (13.6%) Kirkcaldy: £142,267 – £155,888 (9.6%) Coatbridge: £137,504 – £149,315 (8.6%) Inverness: £180,847 – £195,534 (8.1%) Airdrie: £145,294 – £156,897 (8.0%) Edinburgh: £258,665 – £274,246 (6.0%) Glenrothes: £140,786 – £147,250 (4.6%) Dundee: £166,031- £ 171,918 (3.5%) Bathgate: £167,037 – £172,127 (3.0%)

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Scottish towns with biggest fall/smallest rise in average house prices, 2019-2020

Livingston: £190,152 – £174,756 (-8.1% Motherwell: £155,281 – £151,015 (-2.7%) Inverurie: £238,003 – £231,618 (-2.7%) Paisley: £140,485 – £138,036 (-1.7%)

Aberdeen: £203,571 – £200,810 (-1.4%)

Falkirk: £177,273 – £175,789 (-0.8%)

Perth: £189,658 – £191,300 (0.9%)

Dunfermline: £177,249 – £179,267 (1.1%)

Kilmarnock: £144,522 – £146,351 (1.3%)

Glasgow: £189,627 – £193,621 (2.1%)

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