clyde logo white

ONS House Price Update – June 2021

According to the latest figures from the Office for National Statistics, house prices rose by 8.9% in the year to April in the UK. This is slightly lower than the March figure of 9.9% taking the average house price in the UK to £256,000.

In Scotland there was a 6.3% rise in house prices in the year to April, making the average house price £161,000. In England the annual rise was 8.9% in Wales it was 15.6% and in Northern Ireland, growth was 6%. The lowest growth was seen in London at 3.3%. This was the lowest annual growth for the fifth month in a row.

The high levels of demand for property combined with cheap borrowing rates has resulted in the level of growth we have seen over the last year. Here in Scotland, we have seen a marked shift in demand for rural properties rather than those in city centres. Buyers are still seeking more internal and external space as people continue to work from home.

Whether this growth is sustainable is another matter – while sellers are still achieving high asking prices and record ‘offers over’ in many areas, buyers are still willing to pay over market value to secure a home in today’s buoyant market.

The buy-to-let market is slower than the residential market especially as the mortgage guarantee scheme has come into force, enabling people to purchase a home with a 5% deposit. However, affordability checks are still in place. However, it is also a great time for investors who are looking to make a good return on their investment.

Clyde Property is a leading independent, multiple award-winning estate and letting agent with more than 30 years’ experience in selling and letting property in Scotland. Just call your local Clyde Property branch today for friendly, impartial advice on finding your next dream home.

Clyde Blog Archive

Your saved properties

clyde logo white

Property Alerts.

Stay one step ahead of the market. Register with us today to receive property alters before the portals.

Register your details and property criteria below, and we will send you updates about homes that match your search criteria.

Tip: You can add multiple options/criteria after registration.