The latest Scottish House Price Monitor from Lloyds TSB Scotland indicated a 7.3% rise in property prices in the three months to July. However, the annual underlying figures fell by 1.5%.

The average Scottish house price is now £164,122, which represents 95% of their peak of four years ago. The number of transactions showed an increase over the past year but the bank said prices continued to be volatile.

Slight annual increases were noted in Dundee, Glasgow, Central, Fife, Perth and Tayside, with slight falls in the south east and south west.

Aberdeen had the largest fall of 9.9%, while Edinburgh fell 7.1% and the north, excluding Aberdeen, saw price rises of 3.2%.