Scotland's wealthiest (and poorest) housing markets
1st October 2010
- Edinburgh wealthiest housing market in Scotland with average property values of £227,926
- North Lanarkshire poorest market in Scotland with average house prices 34% below the national average
- Avg. property value in Scotland now stands at £159,890
Edinburgh is the area with the highest average property value in Scotland, according to the latest figures from leading property website, Zoopla.co.uk. The average house price in Edinburgh is now £227,926, more than £68,000 higher than the average Scottish house price, which is currently £159,890.
In contrast, average property prices in North Lanarkshire currently stand at £106,006, the lowest in the country, 53% less than in Edinburgh and 34% below the national average.
The statistics released today by Zoopla.co.uk, which provides free value data on every property in Scotland, reveals Aberdeenshire in second place in terms of areas with the highest average house prices in Scotland at £205,254, followed by East Lothian in third position at £201,958. Meanwhile, at the other end of the scale, rounding out the top three poorest housing markets in the country are Shetland where average property values stand at £107,696 and West Dunbartonshire at £120, 573.
Top 10 Wealthiest Housing Markets
| Rank | Market | Avg. home value |
|---|---|---|
| 1 | Edinburgh | £227,926 |
| 2 | Aberdeenshire | £205,254 |
| 3 | East Lothian | £201,958 |
| 4 | Stirling | £181,634 |
| 5 | Perth & Kinross | £176,181 |
| 6 | Midlothian | £169,985 |
| 7 | Scottish Borders | £166,636 |
| 8 | Highland | £158,040 |
| 9 | South Ayrshire | £155,006 |
| 10 | Argyll & Bute | £153,916 |
Source: Zoopla.co.uk
Top 10 Poorest Housing Markets
| Rank | Market | Avg. home value |
|---|---|---|
| 1 | North Lanarkshire | £106,006 |
| 2 | Shetland | £107,696 |
| 3 | West Dunbartonshire | £120,573 |
| 4 | Orkney | £121,200 |
| 5 | East Ayrshire | £121,740 |
| 6 | North Ayrshire | £124,194 |
| 7 | Falkirk | £126,900 |
| 8 | South Lanarkshire | £127,515 |
| 9 | Western Isles | £127,973 |
| 10 | Clackmannanshire | £133,275 |
Source: Zoopla.co.uk
Nicholas Leeming, Commercial Director of Zoopla.co.uk comments: "It is clear that some parts of Scotland have performed much better than others through the downturn of the past 3 years and, as the economy strengthens, the Scottish housing market will likely perform best in those areas that are least sensitive to the upcoming public sector cuts."
- Ends -
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Notes to editors
About Zoopla.co.uk
Zoopla.co.uk is the UK's most comprehensive property website, focused on empowering consumers with the resources they need to make better-informed property decisions. We help our users make sense of the residential property market by combining property listings with market value data, local information and community tools.
Zoopla.co.uk was founded on the principles of transparency and efficiency and everything we do aims to make the market more effective for both property consumers and professionals alike. By combining free, instant value estimates for every UK home with sold prices, local market information and hundreds of thousands of properties available for sale and to rent, Zoopla.co.uk has rapidly become the ultimate destination for property consumers to search for property and do their market research. Our unique features allow users to gain an insight into the market and discover information they won't find anywhere else. And, as a result, we have become one of the most valued sources of both applicant and vendor leads for UK estate agents.
Launched in 2008, we are the fastest growing property website in the UK, now attracting over 12 million visits per month and are proud to have been awarded numerous accolades including being listed in the Top 10 UK Tech Companies (Guardian) and the Top 10 Most Innovative UK Companies (Smarta 100) as well as being voted the UK's Best Property Portal (Web User, Daily Mail Awards, Website of the Year).
Zoopla Limited is a privately held company with a highly experienced and proven management team, led by Founder and CEO, Alex Chesterman, and backed by well-respected angel investors and leading venture capital firms Atlas Venture (atlasventure.com) and Octopus Ventures (octopusventures.com).