Argyll and Bute property prices rise slightly

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Average property prices in the Argyll and Bute area rose slightly during 2015, according to a new report.

The annual market review by the Registers of Scotland government agency found an average price of £153,738 in the area in 2015 - a 2.2 per cent rise on the 2014 value of £150,388.

The change is, however, slower than the Scotland-wide average increase of 3.3 per cent over the same period.

The total value of the Argyll and Bute property market also rose, by 2.7 per cent, from £235,657,334 to £242,137,208 (the Scottish increase was 8.2 per cent), while the number of property sales in the area went up by 0.5 per cent from 1,567 to 1,575 (Scotland +4.5 per cent).

The Registers of Scotland report provides information only on the 32 Scottish local authority areas, with no detailed breakdown of local property markets in areas such as Bute.

The City of Edinburgh council area had the largest average price and largest volume of sales during the year, though the biggest percentage increase in prices was in West Lothian, where property prices went up 9.1 per cent.