Fife house price rise beats national average

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House prices in Fife increased more than average for Scotland in July, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area achieve 0.1% annual growth .

The average Fife house price in July was £134,186, Land Registry figures show – a 0.9% increase on June.

Over the month, the picture was similar to that across Scotland, where prices went up 0.7% , and Fife outperformed the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in theb region rose by £140, putting the area 25th among Scotland’s 32 local authorities for annual growth.

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Owners of detached houses saw the biggest improvement in property prices.

They went up 1.3%, to £238,202 on average. Over the last year, prices rose by 0.5%.

Semi-detached homes were up 0.6% monthly; up 0.7% annually; £139,357 average

Terraced: up 0.9% monthly; up 0.7% annually; £109,505 average

Flats: up 0.9% monthly; down 1.6% annually; £85,640 average

First steps on the property ladder

First-time buyers in Fife spent an average of £108,536 on their property – £28 less than a year ago, and £16,582 more than in Jul-14.

By comparison, former owner-occupiers paid £108,536 on average in July .