HOUSE prices in Dumfries and Galloway are up on a year ago.
Figures show that in July, the average price of a house in the region was £183,659.
That’s 1.5 per cent more than the same time in 2023, when the average was £180,906.
The rise locally mirrors that across Scotland, where prices are 1.9 per cent up on a year ago
Commenting, Scott Jack, regional development director at Walker Fraser Steele, said: “For several months now, our data shows that average prices have been consistently 1-2 per cent above their previous peak in September 2023.
“Almost all of Scotland is outperforming England and Wales. Scottish average house prices in July picked up by more than £400 compared with June, but have essentially held steady since the new peak reached in May.
“July looks set to have been the strongest month of the year so far for sales transactions.
“We can’t know what the future holds, of course but it seems likely that with interest rates expected to fall again in the coming months, and mortgage pricing with them, the market will remain in a good place.”
