At the other end of the scale, Ayr and Inverurie in Aberdeenshire were the only towns to see prices fall back during 2022, by 1.7% and 0.2% respectively.Graham Blair, mortgages director at Bank of Scotland, said shifts in buying patterns post-pandemic meant big cities did not lead lead the way in 2022.
"Unsurprisingly, Edinburgh remains the most expensive place to buy, but its rate of property price inflation was outstripped by a number of locations nearby," he said."This is partly due to pandemic-driven shifts in housing preferences as buyers sought bigger properties further from major urban centres.
"We can see this clearly in commuter towns across Scotland, but Fife has been a notable hotspot, with both Kirkcaldy and Dunfermline recording strong house price growth.""Looking ahead to 2023 and house price growth is expected to slow in Scotland," he added. "However, it's important to remember that this follows more than two years of rapid growth. A period of adjustment was always likely, particularly given the current economic environment."
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