Recent data released from the Bank of Scotland has revealed that Scotland has experienced some of the largest increases in house prices in the UK within the last ten years.  Between 2002 and 2012 Aberdeen house prices grew by 94% and Inverness house prices increased by 81%.  Other high performing house price areas were Dundee at 73% and Perth at 70%. 

The report reveals that Scotland has overall achieved better house price levels than the rest of the UK which has experienced a 29% increase in the average house price overall.  Since the beginning of the recession Scotland has had less of a loss in house prices than the UK overall.  The average house price since 2008 declined in Scotland by 17% while the UK experienced a decline in house prices of 23%.

In response to the data, the Clyde Property estate agency released a statement saying, “These are impressive figures which show Aberdeen is leading the way in emerging from recession.

"Undoubtedly some of this property price growth in the Granite City will have occurred before the financial crisis as the figures extend over 10 years.

"But they tune in with our own understanding that the property market continues its long and slow recovery as better mortgage products appear on the market and smaller deposits are required."

The cities of Edinburgh, Glasgow, and Stirling have had house price increases but not to the impressive levels of Aberdeen and Inverness for the last decade.  Edinburgh increased by 47%, Glasgow by 45%, and Stirling by 35%.