Fife house prices: Kirkcaldy and Glenrothes rank high in Scotland’s house price increase list

Since 2019, house prices in Kirkcaldy have risen by 9.6%, taking the average house price in the central Fife area up from £154,145 to £177,984 this year.

Glenrothes also ranked high, coming eighth place in the list as house prices in the area increased from £140,786 to £147,250 (4.6%).

Overall, Ayr was named the Bank of Scotland’s ‘house price winner’ as it saw the largest increase in house prices in comparison to the rest of Scotland.

The coastal town recorded an increase of 15.5% (£23,839) in the last 12 months, taking the average house price from £154,145 up to £177,984.

Inverness had the largest growth in average price for a city in 2020, with an increase of 8.1% (£14,687) and an average property price of £195,534.

Edinburgh remains the most expensive place to stay in Scotland with the average property price of £274,246, recording a rise of 6% ( £15,581) in house prices since last year.

Livingston in West Lothian saw the largest fall in house prices of 8.1%, equivalent to £15,396, with the average house prices in the area dipping from £190,152 to £174,756 in the past 12 months.

However, house hunters should turn to Paisley in Renfrewshire if they are looking for the most affordable housing as it clocks in with the lowest average house price of £138,036, around three times average earnings.

Scottish Towns with biggest increase in average house prices, 2019-2020

Ayr: £154,145 – £177,984 (15.5%) Dumfries: £135,550 – £154,021 (13.6%) Kirkcaldy: £142,267 – £155,888 (9.6%) Coatbridge: £137,504 – £149,315 (8.6%) Inverness: £180,847 – £195,534 (8.1%) Airdrie: £145,294 – £156,897 (8.0%) Edinburgh: £258,665 – £274,246 (6.0%) Glenrothes: £140,786 – £147,250 (4.6%) Dundee: £166,031- £ 171,918 (3.5%) Bathgate: £167,037 – £172,127 (3.0%)

Scottish towns with biggest fall/smallest rise in average house prices, 2019-2020

Livingston: £190,152 – £174,756 (-8.1% Motherwell: £155,281 – £151,015 (-2.7%) Inverurie: £238,003 – £231,618 (-2.7%) Paisley: £140,485 – £138,036 (-1.7%)

Aberdeen: £203,571 – £200,810 (-1.4%)

Falkirk: £177,273 – £175,789 (-0.8%)

Perth: £189,658 – £191,300 (0.9%)

Dunfermline: £177,249 – £179,267 (1.1%)

Kilmarnock: £144,522 – £146,351 (1.3%)

Glasgow: £189,627 – £193,621 (2.1%)

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