The latest figures show that the average price for a Flat & Apartment property in West Lothian has now reached £123,684 as of Jul 2024. This value is based upon the average value of completed property transactions in the month of July.
Average prices for a Flat & Apartment property have increased substantially over the longer term in West Lothian. Back in January 2004, prices for this type of property averaged £53,561 based on sales at the time. Fast forward to January 2024, and averages reached £119,877 - representing a growth of 124% over 20 years.
This substantial triple-digit percentage rise in Flat & Apartment property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Flat & Apartment homes in West Lothian over the past 2 decades.