Property prices in Moray

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Latest prices in Moray for Terraced properties

The latest figures show that the average price for a Terraced property in Moray has now reached £141,744 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Terraced property have increased substantially over the longer term in Moray. Back in January 2004, prices for this type of property averaged £48,214 based on sales at the time. Fast forward to January 2024, and averages reached £137,658 - representing a growth of 186% over 20 years.

This substantial triple-digit percentage rise in Terraced 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 Terraced homes in Moray over the past 2 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Terraced prices in Moray over the last 12 months

DatePrice
Mar 2023£132,048
Apr 2023£132,043
May 2023£137,381
Jun 2023£139,491
Jul 2023£144,049
Aug 2023£145,545
Sep 2023£145,850
Oct 2023£142,345
Nov 2023£141,710
Dec 2023£139,278
Jan 2024£137,658
Feb 2024£141,744

Recent trends for prices in Moray

The latest figures from February 2024 indicate the property market in Moray continues to show rising price trends. Compared to January, 2024, average prices increased by 3.1% to £193,326. On an annual basis, average property prices have increased 3.4% since 12 months ago.

In terms of sales activity, there were 133 residential property transactions completed in Moray during February, 2024. Of these purchases, 71 were financed with a mortgage while 62 were all-cash sales. For cash buyers, average prices have changed by 3% since January, 2024, coming in at around £190,821. For properties purchased with a mortgage, the average price changed by 3.1% since January, 2024, to £194,953.

Compared to the overall picture in its national parent Scotland, the average property price in Moray are higher than the current national average of £187,807. While Moray saw a change of 3.1% over the last month, Scotland as a whole recorded a percentage change of -0.6% in average property values. And on an annual basis, prices across Scotland have grown by 5.6%, more than the 3.4% yearly change seen in Moray.

Interested in purchasing a property in Moray? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Moray by housing type

Prices last recorded in February, 2024

average

£193,326

detached

£290,695

flat

£108,978

semi-detached

£187,727

terraced

£141,744

Prices by housing type in Moray

Recent data shows that price growth has varied across different property types in Moray over the last year. For terraced houses, property prices changed by 2.8% between February 2024 and January 2024 to reach £141,744, and changed by 2.1% over the last 12 months. The annual change was greater than the 4.7% change seen for terraced homes in Scotland overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £187,727 in January 2024. This represents a 3.2% change from the same month last year.This is underperforming the 6.4% annual change in semi-detached values across the country.

Detached homes in Moray gained 3% month-over-month to reach an average of £290,695. Annually, detached property values have changed by 3.4%. This is weaker price growth compared to Scotland's 7.3% change for detached houses over the year.

For apartments and flats, average prices increased by 3.4% between February and January 2024, hitting £108,978. Over the last 12 months, apartment values have changed by 3.7%, lagging Scotland's flat and apartment growth rate of 4.7%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 4.6%, while terraced properties lagged, with a change of 2.1%.

Recent purchases in Moray

According to data from HM Land Registry, there were 133 completed property purchases in the area of Moray in February 2024. Of these sales, 62 were recorded as cash purchases whilst 71 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 3.7% and the percentage of properties purchased with cash has changed by 3%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in moray.

All property prices in moray

Detached property prices in moray

Semi-Detached property prices in moray

Flat & Apartment property prices in moray

First Time Buyer prices in moray

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