Housing Market in Argyll & Bute – March 2015

In our last house prices blog we relayed that the Registers of Scotland were reporting that the rise in prices in Argyll and Bute were some of the highest in Scotland, and this was perhaps a contributing factor in that the volume of property sales in this region was relatively low in comparison to Scotland as a whole.

Well the figures for the subsequent quarter – October to December 2014 – are now in, and an interesting turnaroud can be seen. Certainly we at Fiuran have felt that it was an extremely busy quarter selling a large number of properties during this period, and this is backed up by the figures for the volume of sales in Argyll & Bute – which has the highest increase in Scotland – up by 15.9% versus the previous quarter and a substantial 18.2% higher than the same quarter last year.

Argyll & Bute is again bucking the national trend and is in the minority of Scottish regions to report an increase in average residential prices over the previous quarter, a 3.6% increase with the average price now at £155,557. Whilst this is a drop of 2.9% on the same quarter last year, it suggests prices are on an upward trend in this area.