Fife house prices: East of Kingdom leads way with 17.5% rise

House prices in east Fife have rocketed by 17.5% according to a new report.

Wednesday, 8th June 2022, 7:20 pm

The hugely popular part of the Kingdom recorded the highest rises in the ESPC’s report for May.

It covered the Kingdom, the Lothians and Perth.

The estate agent said prices continued to rise across its portfolio and said it had experienced a busy three months, resulting in an increase in the average selling price across all three areas.

The latest report gives a snapshot into the Fife housing market.

Read More

Read More
Kirkcaldy couple smash Cateran Yomp after losing ten stones in weight between t...

Between March and May 2022, the average selling price in these areas was £274,309 - that’s 5% up on the same period in 2021.

But, homes in East Fife saw a 17.5% rise to £289,561.

Elsewhere in Fife, the ESPC said two bed homes in Dunfermline offered some of the most affordable opportunities for buyers with an average selling price of £107,325 and two bed houses £134,590.

Offers over Home Report valuations are on the rise in Fife, underlining demand from buyers at a time of limited supply.

The largest increase came again inn East Fife at 6.6 percentage points up.

West Fife and Kinross recorded a 5.8 percentage point increase.

The average selling time for a home in Fife is now just 14 days - down from 21 last year.

Paul Hilton, chief executive of ESPC, said: “Three bed family homes have dominated the data this month, highlighting that home buyers may still be looking for additional space to accommodate a post-Covid lifestyle.

“This is a trend that we’ve been witnessing for the past few months and one that is likely to continue over the next few months.