Average Price for property in Shetland is around £139,036 which varies based on type of property you are interested in and ranges from £168,581 for detached house to around £122,780 for semi-detached. Similarly terraced house is around £188,691 and a flat is worth £120,903. Values have been changing and have risen £280 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £735 in last 6 months, £10,325 in last 1 year, £17,287 in last 2 years, £16,542 in last 3 years, £19,394 in last 4 years and £16,716 in last 5 years.
Currently average asking price of a property in Shetland is around £200,454 based on approximately 236 properties for sale.
Estimated property value in Shetland is £139,036. Average asking price is £200,454 while average price paid is £131,922 which is up by £10,325.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 Shetland area. In last 1 year alone average price buyer paid is around £131,922 based on approximately 236 sales in Shetland area alone. If you compare it to last 3 years sales of 749 properties where buyers paid around £127,116. 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 £121,267 for 1,191 and average amount paid for purchase of approx. 1,732 properties sold in last 7 years comes to about £116,474 per sale.