Kirkcaldy tops house price rises and out-performs rest of Scotland
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The Lang Toun out-performed towns across Scotland with a 29% increase - up £45,798 as the cost of an average property jumped from £157,779 to £203,577.
Kirkcaldy’s figures were better than the 23% average recorded across Scotland, according to the data from the Bank of Scotland.
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Hide AdDunfermline also recorded a significant rise, with property going from £190,087 to £226,481.
At the other end of the spectrum, Ayr’s average house price dropped 1.7% and Inverurie in Aberdeenshire dipped 0.2%.
Kirkcaldy is one of a number of towns which have seen a positive change in the market as people worked from home and opted to invest in bigger homes here as opposed to Edinburgh.
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Hide AdGraham Blair, mortgages director at Bank of Scotland, said: "Unsurprisingly, Edinburgh remains the most expensive place to buy, but its rate of property price inflation was outstripped by a number of locations nearby.
"This is partly due to pandemic-driven shifts in housing preferences as buyers sought bigger properties further from major urban centres.
"We can see this clearly in commuter towns across Scotland, but Fife has been a notable hotspot, with both Kirkcaldy and Dunfermline recording strong house price growth."
Kirkcaldy’s price rise came at a time when demand outstripped supply with fewer houses coming on to the market - and those for sale being snapped up almost straight away.
There is also significant new development at Randolph as more town centre flats coming on to the market.