Average values of prime Scottish property fell 1% in the final three months of last year, taking the annual drop in property values to 2.7%.
But Edinburgh bucked the trend with prices remaining stable and prices in the Scottish Borders have been resilient, with no change reported between October and December, and a slight 0.4% rise over the last 12 months.
However, this has been an exception rather than the norm, and prices in the Lothians and the South West have suffered larger falls of 5.2% and 3.7% respectively compared to a year previous, the latest data from Knight Frank shows.
In Edinburgh, as has been the case since June 2012, prices remained static in the final quarter of the year, taking the annual increase in house prices to a modest 0.6%.
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