HOUSE prices across Ayrshire have risen year-on-year above the national average, according to the latest House Price Index from Walker Fraser Steele.

Across Scotland, average house prices in July were £225,113, up from £220,927 at the same time last year, an increase of 1.9 per cent. 

East Ayrshire has seen an increase almost four times the national average, with a 7.4 per cent increase year-on-year. 

Average house prices in the authority in July were £158,818, up from £147,843 exactly one year before.

Meanwhile, South Ayrshire has seen a three per cent increase in average prices year-on-year, from £190,374 last July to £196,147 one year on.

North Ayrshire has recorded the smallest increase of 2.7 per cent, still above the national average. 

Average house prices in the authority were £152,469 in July, up from £148,415 in July 2023. 

Scott Jack, regional development director at Walker Fraser Steele, said: “For several months now, our data shows that average prices have been consistently 1-2 per cent above their previous peak in September 2023.

"Almost all of Scotland is outperforming England and Wales. It is testament to the resilience of the Scottish property market that prices have performed so well.

"Personal and property taxes are higher here in Scotland, but these does not appear to diminish the appetite of prospective buyers who sustain the increases.

"We can’t know what the future holds, of course but it seems likely that with interest rates expected to fall again in the coming months, and mortgage pricing with them, the market will remain in a good place.

"Interest rate cuts help with affordability and we can see that mortgage advances to first time buyers are rising.

"With a resilient jobs market and better than expected economic growth, prices in Scotland should remain strong over the coming year.”