Homes selling for an average of £4,000 more than asking price in Scotland

Across Scotland, on average, properties are selling for £4,000 more than their asking price, with the price for sale increasing across much of the country. In the first quarter of 2019 the average selling price has dropped by around £7,500 to £174,000 while the average asking price has slightly increased by 1.46% to £169,947, according to the Scottish house price report from S1homes. The average asking price increased across nine of the 13 regions with Renfrewshire and Inverclyde seeing the largest increase of 7.7% to £134,392. The biggest drop was in East Lothian where the average asking price fell by 3.8% to £227,159. East Renfrewshire, followed by Edinburgh, continues to see the highest average asking prices. In Edinburgh, properties are selling on average for £17,000 more than their asking price, down from £32,000 last quarter. The average asking price increased by 0.7% to £242,466 and the average selling price fell by 5 % to £259,148.