The quarterly price index for the average domestic property in Scotland rose by 7.3% in the three months ending July 2012, according to the latest Scottish House Price Monitor from Lloyds TSB Scotland. On an annual, underlying basis, Scottish house prices have fallen by 1.5%.
The average Scottish house price is now £164,122. Scottish house prices are 95% of their peak of four years ago.
The latest house price movement has been generated from a market with a low but increasing number of transactions. Compared to the previous quarter, the number of transactions in the Monitor is up by 37% and by 29% when compared to the same quarter one year ago.