Fife house prices: Flat owners see biggest drop according to latest figures

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House prices dropped slightly, by 0.1%, in Fife in March, new figures show.

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 13.1% annual growth.

The average Fife house price in March was £166,962, Land Registry figures show – a 0.1% decrease on February.

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Over the month, the picture was similar to that across Scotland, where prices remained static, and Fife underperformed compared to the 0.3% rise for the UK as a whole.

The latest figures for Fife prices have been revealedThe latest figures for Fife prices have been revealed
The latest figures for Fife prices have been revealed

Over the last year, the average sale price of property in the region rose by £19,000 – putting the area 11th among Scotland’s 32 local authorities with price data for annual growth.

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Owners of flats fared worst in March.

They dropped 0.6% in price, to £99,085 on average.

But over the last year, prices rose by 9%.

Detached properties in Fife were up 0.2% monthly; up 17.6% annually; £314,585 average

Semi-detached: up 0.3% monthly; up 14.2% annually; £176,060 average

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Terraced: down 0.1% monthly; up 11.8% annually; £135,662 average

First-time buyers in Fife spent an average of £133,000 on their property – £14,000 more than a year ago..

By comparison, former owner-occupiers paid £200,000 on average in March – 50.8% more than first-time buyers.

Fife buyers paid 8% less than the average price in Scotland (£181,000) in March.

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The most expensive properties in Scotland were in Edinburgh – £323,000 on average, and 1.9 times as much as more than in Fife.


Average property price in March

Fife: £166,962

Scotland: £181,415

UK: £278,436

Annual growth to March

Fife: +13.1%

Scotland: +8%

UK: +9.8%

Best and worst annual growth in Scotland

Falkirk: +19.2%

Aberdeen: +0.1%

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