Revealed: The Scots town with the highest share of homes increasing in value
The Scottish towns with the highest shares of homes increasing or decreasing in value have been revealed.
More UK homeowners have seen their property increase in value last year, compared with 2023, according to calculations by property website Zoopla.
Around half of UK homes increased in value by 1% or more in 2024, Zoopla estimated.
This equated to around 15 million properties with prices increasing, up from just over 10 million in 2023.
According to Zoopla, the average change in property values in Scotland 2024 was £3,200, with 61% of homes in Scotland also seeing value increases of 1% or more.
Carluke was named as the Scottish town with the highest percentages of homes increasing in value in 2024, with 82%. The average increase in value in homes in the Lanarkshire town was £8,900, according to Zoopla.
On the flip side, the Scottish town with highest percentages of homes decreasing in value in 2024 was Inverurie with 65%. The average cash decrease among property values in the Aberdeenshire town was £4,200, according to Zoopla.
Zoopla calculates that, across the UK as a whole, just under six million homes last year recorded broadly static prices.
The falls in property values tended to be more concentrated across southern England, as higher mortgage rates reduced buying power, Zoopla said.
Richard Donnell, executive director at Zoopla said: “The housing market returned to growth in 2024 but the pattern of home value changes across Britain is far from uniform.
“There is headroom for prices to increase in markets where housing is affordable compared to incomes, which covers many parts of northern England and Scotland.
In contrast, affordability is more of a constraint on price rises in southern England, where the market continues to adjust to higher borrowing costs.
“Faster income growth is helping to repair affordability, supporting moving decisions in 2025.”