PROPERTY prices have continued to rise in Dunfermline and West Fife over the last three months.

According to the ESPC’s latest House Price report, the average cost of a home in West Fife and Kinross has gone up by 3.5 per cent to £167,783 while Dunfermline has seen a 2.7 per cent increase.

The average price of a home in Dunfermline is now £164,483 compared to the same period last year, when it was £160,234.

Across East Central Scotland, prices also went up by 3.5 per cent to an average of £248,180 during a three-month spell which saw the total sales volume go up by 14.3 per cent.

Between March and May 2019, the median time to sell in East Central Scotland was 21 days, which is two days slower than the same period last year.

The average percentage of Home Report valuation achieved in East Central Scotland was 103.2 per cent during these three months compared to 104.7 per cent during the same three months last year.

A total of 28.9 per cent of properties had a closing date compared to 32.8 per cent last year.

Between March and May 2019, the volume of property sales in East Central Scotland increased by 14.3 per cent compared to last year.

However, the past three months saw only a small increase in the number of properties coming to market, with a 0.3 per cent increase in property listings compared to last year.

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

Jamie Fraser-Davidson, business analyst at ESPC, said there had been a “significant increase” in sales volume over the past three months.

“This is likely a result of the increase in the number of properties coming to market at the end of 2018 and start of 2019,” he said.

“However, over the past three months, the number of properties coming to market has only increased very slightly compared to last year in East Central Scotland – within Edinburgh, there has actually been a small decrease.

“This suggests seller confidence is waning slightly, possibly as a result of ongoing political uncertainty over Brexit. Although the rise in sales volume and average selling prices suggest buyer demand remains strong.”