Average Price for property in Orkney is around £143,280 which varies based on type of property you are interested in and ranges from £160,650 for detached house to around £98,784 for semi-detached. Similarly terraced house is around £126,666 and a flat is worth £76,157. Values have been changing and have risen £483 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £399 in last 6 months, £5,392 in last 1 year, £12,551 in last 2 years, £14,754 in last 3 years, £6,031 in last 4 years and £7,936 in last 5 years.
Currently average asking price of a property in Orkney is around £184,231 based on approximately 95 properties for sale.
Estimated property value in Orkney is £143,280. Average asking price is £184,231 while average price paid is £118,950 which is up by £5,392.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Orkney area. In last 1 year alone average price buyer paid is around £118,950 based on approximately 95 sales in Orkney area alone. If you compare it to last 3 years sales of 272 properties where buyers paid around £126,901. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £121,842 for 427 and average amount paid for purchase of approx. 607 properties sold in last 7 years comes to about £117,909 per sale.