House prices in Scotland rose 3.1 per cent in the month to November 2020, the largest increase since March 2015.

The House Price Index figures from Walker Fraser Steele, part of e.surv surveyors, also shows a jump of 6.7 per cent in house prices in Scotland in the year to November.

The average house price in Scotland £198,157 in November, up from £192,291 in October and £185,723 in November 2019.

The majority of local authority areas in the country saw monthly price rises to November 2020, according to the data, which was previously known as the Your Move Acadata House Price Index.

Walker Fraser Steele BDM Alan Penman says: “Rising house prices showed no sign of slowing down in November, with the average house price in Scotland up by 3.1 per cent – the largest monthly increase since March 2015.

“The growth was felt across the board, with 29 of the 32 (91 per cent) local authority areas seeing month-on-month price increases.

“Additionally, transactions numbers remain strong, with our data showing that October volumes surpassed the monthly totals of the previous six years. The busy market reflects an increase in the demand for homes and confirms widespread price growth, rather than for a small number of purchases at the top end of the market.

“Despite the monthly growth, the activity pause in the first lockdown caused overall transaction numbers from January to October 2020 to be down 27 per cent from the same period last year.”