According to the latest publication of the UK House Price Index (UK HPI) the average price of a property in Scotland in May 2016 was £141,142, an increase of 4% on the previous year and an increase of 2.8% from the previous month.
This is in comparison to the UK average of £211,230, an increase of 8.1% over the year.
The largest rise in property prices was experienced in East Renfrewshire where there was an increase of 7% to £201,282.
The volume of residential sales in Scotland also saw a dramatic increase of nearly 50% in comparison to the previous year, March 2016 alone seeing 11,017 sales.
Changes in Land and Buildings Transaction Tax applicable to second homes and buy-to-let properties are believed to be a contributing factor to the rise of residential sales before the regulations came into effect on 1 April 2016.
The latest UK HPI findings also indicated that new build homes shared the notable increase in price, rising by 12.2% on the previous year to £200,554.
The average price for properties bought with a mortgage and those purchased for cash increased by 4 and 4.1% respectively, whilst the average spend by first time buyers also increased by 4% in the same period.
For further information, please visit the Registers of Scotland website.