HOUSE prices increased in Edinburgh and Glasgow through the pandemic but decreased in Aberdeen, it has emerged.
Online property resource Zoopla compiled its annual house price index exploring how prices across the UK have changed over the past 12 months.
The index revealed there are 140,000 more home buyers waiting to complete on their new properties now compared to this time last year, with 50% more homes progressing through the sales system.
Edinburgh was the city with the fifth biggest year-on-year house price increase, coming in at 3.6% behind Liverpool, Leeds, Manchester and Nottingham.
Glasgow was 14th on the list with an increase of 1.8%.
Meanwhile, the average price in Aberdeen was down 0.9% on this time last year.
An overall increase in housing market activity has been put down to surging demand following the extended market closure during lockdown.
Overall UK house price growth is at a two-and-a-half-year high, sitting at 3%.
Richard Donnell, research and insight director at Zoopla, said: “House price growth continues to move higher as the weight of demand pushes the growth rate upwards and we expect prices to be 4% higher by the end of 2020.
“However, the strength of the market nationally is masking weakness in parts of the market where sales are slowing in areas where households are typically on lower incomes and more sensitive to economic uncertainty and more restricted credit availability. This market polarisation is set to become a growing feature of the market as we move into 2021.”
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