House price rises in Kirkcaldy outstripped those in Edinburgh during 2014, according to a major UK mortgage lender.
The Halifax Building Society’s annual house price index revealed a 5.3 per cent rise in Kirkcaldy - compared to 5.1 per cent in the capital.
It brought the average price of a property in Kirkcaldy to £120,866, up from £114,800 this time last year.
The results were confirmed by local estate agent Andrew Watt, director of Delmor, who said he expected prices to rise by a similar margin again in 2015.
He added: “In 2014 Delmor saw a 29 per cent increase in the actual number of sales that occurred when compared to 2013, making it our most successful ever year since we opened in Kirkcaldy in 2005.
“We expect the number of sales that occur in 2015 to remain high and mirror those in 2014, if not better them.”
Changes to stamp duty, which take effect in April, will see lower tax bills for properties valued at under £325,000 .
And, because the change benefits the majority of buyers , it is expected to boost the market, according to the Royal Institution of Chartered Surveyors .
Mr Watt told the Press he believed “mortgage lending was still key to helping the market move forward”.
“Small increases in interest rates, say 0.25 per cent (if it were to occur) will have no great detrimental effect on property sales,” he commented.
“The key factor is that lenders need to ensure more mortgages are available at higher loan to value ratios - especially 90 per cent to 95 per cent loan to value.
“It looks like this will be the case.”
He added: “Consumer confidence has also improved and an end to the instability caused by the independence debate means we can plan ahead with more security.
“Therefore I predict a very positive 2015 for those looking to sell and buy a home.”
Surprisingly, Dundee came out tops in the Halifax 2014 house price report with a rise of 10.9 per cent, followed by Aberdeen with 8.7 per cent, Glasgow with 5.8 per cent and then Kirkcaldy.
In contrast, Livingston saw property prices decrease by 2.4 per cent.