HOUSE prices in Glasgow have risen for a second consecutive year to the end of February.

The average property in the city is now up to £123,800, a rise of 5.7 per cent over the past 12 months.

Shared as part of Zoopla's Cities Index, Glasgow now has the third highest level of annual growth of any city in the UK.

This is an increase in growth on 2018's figures when prices were up 3.2 per cent year-on-year in Glasgow.

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The latest UK cities house price index reveals that average prices increased by 2.8 per cent across the whole of the country over the last year.

Glasgow is one of seven 'regional' cities which experienced more than 5 per cent growth last year, with areas such as this seeing significant increases since the Brexit vote in June 2016.

Richard Donnell, research and insight director at Zoopla, said: “House price growth has remained strong in regional cities over the last 3 years rising as much as 17% since the Brexit vote but signs of weaker growth are building as affordability pressures grow.

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“While the Brexit debate reaches fever pitch data on housing sales and demand for mortgages shows buyers are largely unmoved.

"With unemployment at a record low and mortgage rates still averaging 2 per cent, buyers appear to be largely shrugging off Brexit uncertainty until there is a material change in the overall outlook.”

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