The latest Quarterly House Price Statistical Report, from the Registers of Scotland (ROS) shows encouraging signs for Scotland’s residential property market.

The Report finds that between January and March 2014 the total volume of residential property sales across Scotland rose from 14,507 to 17,828. This is an increase of 22.9% from the same quarter last year and represents the highest volume of sales for this quarter since 2007/2008.

The total value of sales registered in Scotland also increased by 27.2% during this quarter to over £2.73 billion and the average price of residential property increased by 3.5% to £153,352.

Additionally, all house types, whether detached, semi-detached, terraced, flat or unallocated, showed an increase in sales volume: detached properties showed the largest increase in sales volumes at 29.5%; terraces showed the an increase of 23.6%; with detached and flats showing an increase of 22.6% and 19.4% respectfully.

All property types also showed an increase in average house price: detached 1.9%; semi-detached 2.4%; terraced 2.6%; and flats 1%.

In terms of regions across Scotland, every Local Authority showed an increase in the volume of sales.

As this latest batch of statistics from ROS demonstrates, the Scottish property market continues on the road to recovery.

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