Prime property prices paused in Scotland at start of year but still up 2.3%

Prime property market price growth paused in Scotland in the first quarter of 2018, but demand at the top of the market remained strong and it outperformed the rest of the UK. Overall prices were up 2.3% year on year in the 12 months to March 2019 compared with a fall of 1.8% in the rest of the UK, according to the latest analysis market index from Knight Frank. Cottages emerged as the best performing property type, with average values rising by 3.4% annually and the number of properties sold with a value of £1 million and above was up 23% year on year in the 12 months to January 2019.