Walker Fraser Steele has reported that annual Scottish house price growth is currently running at 9.1%.

The average Scottish house price is now £224,035, up 0.8% on June.

11 Local Authorities in July experienced record average prices, while Argyll and Bute has the highest annual growth rate at 18.1%.

Meanwhile, semi-detached properties have the highest price growth in Scotland over the year.

Scott Jack, regional development director at Walker Fraser Steele, said: “The average price paid for a house in Scotland in July 2022 is £224,035, establishing yet another record price for the country – the 13th occasion that this has happened in the last 13 months.

“This price is some £18,600 higher than that seen in July 2021, indicating that prices have risen by 9.1% on an annual basis. This annual rate has slowed from the 10.6% growth seen in June, but that month was assisted by a near £3,000 fall in prices which occurred 12 months earlier in June 2021, meaning that the base point for measuring June’s growth rate started from a particularly low level.

“On a monthly basis, prices in July increased by some £1,725, or 0.8%, which was close to £500 higher than the increase seen in June – continuing the bi-monthly oscillation in prices in 2022.

“While prices continue to increase, there is some evidence that the number of housing sales in Scotland is beginning to slow – although a number of surveyors in Scotland believe this to be a regular feature of June and July’s housing market, coinciding as it does with the school holidays, when families are likely to be distracted by matters other than buying a property. It is therefore difficult to draw conclusions from the observed shortfall of sales in June, and to a lesser extent July.”