PROPERTY prices in Glasgow have risen by more than 11% this year.

The average selling price for a property is now £140,584, compared with £127,039 from April to June last year.

Prices have soared by 10.7% between April and June 2017 year-on-year, and by 11.2% in the first six months of the year, according to the latest house price report from GSPC.

Properties are also selling quicker – the median time to sell is now 19 days, 9.5% down from the same time last year, and those marketed as ‘offers over’ are selling for 9.7% above the asking price, up from 8.7% last year.

Prices for two bedroom flats in the East End and West End of the city have increased by more than 20% over the last three months.

Outside of Glasgow, three bedroom homes in North Lanarkshire are showing the greatest increase in selling prices – with a 21.4% over the last three months to £143,905.

The area with the highest property prices is Renfrewshire, where a three bedroom house on average costs £181,455, up 13.2% from £118,581 from last year.