ABERDEENSHIRE is the most expensive place to buy a house in Scotland, according to a report.
The average house price is 232,331, with the average for Aberdeen city standing at 218,853
More than 750 million worth of homes were sold in the last three months of 2014 in the North-east alone.
The average house price for Scotland as a whole is just over 165,000 with a total sales value of 4.1 billion.
In the last three months of 2014 there were 4.2 billion of property sales, up 3.1% on 2013, Registers of Scotland (RoS) figures show.
The average house price between October and December 2014 was 165,197, up 3.4% on the same period in the previous year and the highest figure for the third quarter since RoS began compiling house price statistics in 2003.
Despite the rise in average values, there was a slight drop in the number of sales over the quarter with a fall of 0.3% – the first decrease in the volume of sales since the second quarter of 2012/13.
The largest number of house sales took place in Edinburgh with 2,924 transactions worth 656 million.
Bob Fraser, senior property partner at estate agent Aberdein Considine, said: “The third quarter figures from Registers of Scotland always paint the most accurate picture of the property market because the sales agreed over the spring and summer tend to settle in this quarter.
“What these figures tell us is that the property market around Scotland is extremely robust with prices and sales generally rising – even in what would be considered the poorer areas of the country.
“A few areas in particular are worth a special mention. The value of sales has jumped by more than 20% in Moray, which I would put down to a renewed confidence in the area’s economy after the future of the region’s bases was cleared up.
“Also, average prices in Aberdeenshire have risen by another 5% year-on-year, making homes in the region the most expensive in Scotland – even more expansive than Edinburgh, which is typically higher.
“Undoubtedly this is due to the oil and gas industry, which has faced cost pressures since these transactions. Future figures will give a better reflection of what impact the oil price drop has, if any.”