Shetland Islands

Shetland house prices increase by 76%



Average house prices in the Shetland Islands in Scotland have increased by 76.6% since 2007, according to new data.

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Research by HouseSimple.com has found that house price growth in the northern Scottish isles is comparable to that of inner London boroughs.

The online estate agents has compiled a list of the areas where property prices have increased the most over the last 10 years.

Westminster came top with a house price increase of 105.5%, followed by Hackney (93.3%) and then the City of London (91.4%).

The Shetlands was the only region outside of London to feature in the top 10.

Alex Gosling, CEO of HouseSimple.com, said: “Today you can buy a house in Shetland for less than a third of what you’d pay in a London borough like Hackney, or around £60,000 less than in Edinburgh.

“This is why it’s such an attractive area for buyers looking for a slower pace of life or even a second home.”

The areas where property prices have increased the most since 2007



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