October Property News

Scottish Borders house selling prices performing better than national average

We’ve looked at some of the latest property statistics across Scotland to help you understand the Scottish Borders market.

Average house selling prices in Borders

According to data from ROS (Registers of Scotland) the average selling price of a home in Scotland in 2022 was £220,220 in comparison in January – August 2023 the average selling price was £214,519, a 2.6% decrease.

When looking specifically looking at the Scottish Borders ROS data shows that the average selling price of a home in 2022 was £221,239 (slightly above the Scotland average). In comparison in January – August 2023 the average selling price was £219,118, a 1% decrease.

Year to date in 2023 Hastings Legal average selling price has been £239,479.

What do house selling prices actually mean?

The property market across Scotland is slowing. Things are taking longer to sell and not selling for as high a price. However, as the ROS data shows, this trend isn’t as punctuated in the Scottish Borders.

When things are cooling slightly in the property market, there a couple of key things to consider if you are looking to buy or sell a property.

Things to consider when selling your home in the current market

Even though properties are selling at a slightly lower average selling price compared to 2022, the property market still has plenty of interest and many buyers are interested in living in the Borders.

The cooler market does however mean that it’s important to ensure your property is presented in the best possible way when selling. This can firstly mean making sure any maintenance and décor issues are addressed before advertising your property, but also making sure you work with the best possible agent when selling.

We’re obviously biased as we provide all these services, but we truly believe to sell a property well, it is crucial to have the best possible selling agent. It is important they include professional photos, video tours and location imagery, experienced and skilled negotiators and a locally based team covering offering superior property marketing.

“There’s no substitute for using a good local firm as you get what you pay for.”Rob Armstrong

Hastings Legal are trusted and long-established Solicitor Estate Agents in the Scottish Borders.

•   Selling your property with a Solicitor Estate Agent means you have control of the process from start to finish.

•   Our Virtual Viewing Video Tours are the New Normal for a first viewing and are included for no extra charge.

•   Our extensive database of purchasers who are looking to buy their dream home in this area is at your disposal.

•   Our advertising reach is both local and national including our High Street Offices, exclusive ESPC* and  Rightmove

•   Professional photographs as standard

•   We regularly achieve more than the Home Report Value for our Sellers, often at Closing Date

See our guides: • Buying a House and • Selling your House Legal Process

It’s never too early to call Hastings Legal, Solicitors and Estate Agents in the Scottish Borders

* only Solicitor Estate agents can advertise in ESPC – the Edinburgh Solicitors Property Centre

Would you like to sell your house?

Book a FREE Marketing Valuation Visit with one of our Property Professionals.