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Scottish House Prices Recover to 95 Percent of Peak, Lloyds Says

Aug. 17 (Bloomberg) -- Scottish house prices rose 7.3 percent in the three months to July 31, with the number of transactions also increasing, Lloyds TSB Scotland reported.

The average price is now 164,122 pounds ($257,900), equal to 95 percent of their peak four years ago, the bank said in its Scottish House Price Monitor.

The largest pickup in the market was at the higher-value end with the number of transactions for detached properties in the Monitor increasing by 47 percent compared with the same period a year earlier, it said in an e-mailed statement today.

Average prices increased 0.6 percent in Dundee in the 12 months to July and by 1 percent in Glasgow, Scotland’s biggest city. Aberdeen had the largest decline, with prices losing 9.9 percent, while in the capital, Edinburgh, they fell 7.1 percent, according to the Monitor.

To contact the reporter on this story: Tim Farrand at tfarrand@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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