Here's how much the average house in Falkirk district now costs

House prices increased slightly in Falkirk in June, new figures show.

By Harriet Clugston
Friday, 18th September 2020, 4:45 pm
Property prices rose slightly in June
Property prices rose slightly in June

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 6.2 per cent annual growth.

The average Falkirk house price in June was £132,402, Land Registry figures show – a 0.7 per cent increase on May.

Over the month, the picture was less good than that across Scotland, where prices increased 2.8 per cent.

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Over the last year, the average sale price of property in Falkirk rose by £7700 – putting the area fifth among Scotland’s 32 local authorities for annual growth.

The best annual growth in the region was in Na h-Eileanan Siar, where properties increased on average by 12.1 per cent, to £132,000. At the other end of the scale, properties in Shetland Islands dropped 25.7 per cent in value, giving an average price of £118,000.

Owners of semi-detached houses saw the biggest improvement in property prices in Falkirk in June – they increased 1.1 per cent, to £144,377 on average. Over the last year, prices rose by 6.7 per cent.

Among other types of property:

Detached: up 1 per cent monthly; up 9.2 per cent annually; £246,107 average

Terraced: up 0.9 per cent monthly; up 6.3 per cent annually; £107,965 average

Flats: down 0.1 per cent monthly; up 2.6 per cent annually; £76,652 average

First-time buyers in Falkirk spent an average of £​109,500 on their property – ​£5400 more than a year ago, ​and ​£18,500 more than in Jun-15.

By comparison, former owner-occupiers paid £​157,600 on average in June​ – 43.9 per cent more than first-time buyers.

Buyers paid 15.7 per cent less than the average price in Scotland (£157,000) in June for a property in Falkirk. Across Scotland, property prices are low compared to those across the UK, where the average cost £238,000.