Fastest Rising House Prices In Aberdeen And Inverness

Aberdeen and Inverness house prices have been the fastest rising over all other UK cities throughout the past decade, according to a new survey.

A report from the Bank of Scotland showed average prices rose by 94% in Aberdeen between 2002 and 2012.

Inverness experienced price hikes of 81%, while Dundee showed rises of 73% and Perth increases of 70%.

Aberdeen’s particularly sharp increases were the result of the oil sector, according to the bank.


Cities in general recorded higher house price growth than the UK average over the past 10 years, according to the figures.

They increased by an average of 38%, from £125,276 in 2002 to £173,322 in 2012.

The UK as a whole saw a 29% rise on average.

Northern Irish cities Lisburn and Belfast showed the smallest price hikes over the past decade, rising by just 2% and 3% respectively.

This reflected a substantial decline in house prices across Northern Ireland since 2007.

Ely and Southampton recorded the smallest increases in England.

Stirling and Glasgow experienced the lowest house price growth among cities in Scotland, rising 35% and 45% respectively.

(IT)