House prices have risen, but not by as much as 25 per cent, isles surveyor says

A leading valuation surveyor has poured cold water on claims that house prices have risen 25 per cent in Shetland in the third-quarter of this year compared with the same period in 2012.

Isles surveyor Michael Thomson.
Isles surveyor Michael Thomson.

According to Michael Thomson, who has 30 years’ experience as a chartered valuation surveyor in Shetland, the true like-for-
like increase “almost certainly lies between five per cent minimum and 10 per cent maximum.”

He was responding to Registers of Scotland statistics that show Shetland easily topping a generally recovering Scottish housing market with one-quarter growth on domestic house prices, compared with Aberdeen, for instance, which is the next most buoyant area with growth of about 10 per cent.

The figures show a rise in average house price from £109,945 in July-September 2012 to £137,655 in the same period this year. Prices are also listed as having risen 18.2 per ce


Get Latest News in Your Inbox

Join the The Shetland Times mailing list to get one daily email update at midday on what's happening in Shetland.