City’s average house price falls by £10k
The fall is double the £5000 average drop in values experienced across Scotland.
Edinburgh remains the most expensive place to buy in Scotland with the average house price in the Capital now standing at £207,672, according to figures released in the Scotland House Price Index by LSL Property Services.
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Hide AdLow savings, fewer successful mortgage applications, particularly from first-time buyers, and inflation are contributing to the decline in the market, the survey shows.
Increases have been seen in the last year in around a fifth of local authority areas including East Renfrewshire, Dundee and Inverclyde, but elsewhere has seen consistent falls in prices.