WEST FIFE’S property market is on the up, according to recent figures revealed by the ESPC.

In the period from September to November, the average price of a house in Dunfermline has risen by 7.5 per cent from £159,787 last year to £171,828 this year.

Homes in West Fife and Kinross sold for an average this year of £176, 951, an 8.1 per cent increase on the same period in 2017.

ESPC’s House Price Report for November 2018 said that there had been a “significant year-on-year increase” in the number of homes coming to market in East Central Scotland, with figures up by 14.1 per cent.

The top-selling property type in the period was two-bedroom flats in Leith, followed by three-bedroom houses in Dunfermline and two-bedroom flats in Newington.

From September to November, the median selling time for properties in East Central Scotland was 21 days, which was one day slower than the same period last year.

During this period, the average percentage of Home Report valuation achieved was 103.9 per cent, compared to 103.7 per cent, and 84.8 per cent of properties were marketed as ‘offers over’ compared to 84.3 per cent last year.

Jamie Fraser-Davidson, business analyst at ESPC, said that despite the approach of Brexit, it appeared that seller confidence in the East Central Scotland property market was staying strong with the number of homes coming to market continuing to increase compared to last year.

“Average selling prices are also rising steadily, and properties are regularly achieving their Home Report valuation, as well as short selling times, indicating that the significant demand from buyers continues,” he added.

“The outcome of the Parliament vote on the Brexit deal may have an impact on the confidence of both buyers and sellers in the East Central Scotland property market and it will be interesting to monitor the effects of this over the next few months. However, regardless of the result, we expect the East Central Scotland property market to be relatively resilient throughout the changes that leaving the EU will bring, in comparison to other areas of the UK, some of which are starting to show signs of stress.”