Rural house prices dip, but more resilient than in urban areas

RURAL house prices north of the Border have fallen over the past five years, but remain more resilient than prices in urban areas, according to new analysis by Bank of Scotland.

The average price of a home in rural Scotland is down 14 per cent since 2007, at £157,535. At an average of £131,749, average urban house prices are 20 per cent lower. The gap has widened following a 20 per cent drop since 2007 in average prices in urban Scotland.

Despite the recent falls, the average price of a home in the country has soared by 85 per cent over the past decade, a faster rate of increase than any other rural area of Britain. The average rise in urban areas of Scotland over the same period is 70 per cent.

Scotland’s costliest rural location to buy a home is Aberdeenshire.