HOUSE prices in Dunfermline and West Fife are on the up, according to the latest survey.

The ESPC’s House Price Report for September has revealed that prices in Dunfermline have increased by a total of 15.8 per cent while figures for West Fife and Kinross have risen by 14.3 per cent.

The average price of a property in the Dunfermline area is now £178,182 compared to £152,151 at this time last year.

In West Fife and Kinross, buyers can expect to pay an average of £183,188 instead of the September 2017 price of £160,324.

Across East Central Scotland, prices rose by 6.2 per cent to £250,991 compared to the same period last year while the number of properties coming to the market went up by four per cent.

Although this figure was a slight dip from the August figure of five per cent, the continued trend is seen as a positive sign for buyers as a lack of properties up for sale has been limiting the market in recent years.

The median time to sell in East Central Scotland was 20 days, which is two days slower than the same period last year. In Edinburgh, this figure was 18 days which is two days slower than last year.

The number of properties sold during this period decreased by 6.7 per cent annually but experts say this is more of a reflection of fewer properties coming to market in recent years rather than of a lack of buyer demand.

ESPC business analyst Jamie Fraser-Davidson said: “The increase in average selling prices in many areas of East Central Scotland indicates that there continues to be strong demand from buyers, even as we get closer to Brexit.

“This can also be seen by the continued trend of a rising number of properties marketed as ‘offers over’ as well as an increased percentage of homes achieving or exceeding their Home Report valuation. It will be interesting to monitor if buyer confidence does fluctuate in future months as we approach the date the UK is scheduled to leave the UK.”