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

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

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

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:

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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.

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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.

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