In the last 10 years the value of the Scottish residential property market increased by 45%, from £15.7 billion to £22.7 billion, according to the latest Property Market Report published by Registers of Scotland (RoS).
Key figures for 2024-25:
- £190,000
the median price of a residential property in Scotland, an increase of 3% from £185,000 in 2023-24 - 99,975
the total number of residential property sales in Scotland, an increase of 7% on 2023-24 - £22.7 billion
the value of residential property sales in Scotland, an increase of 10% on 2023-24.
Over the past 10 years:
- the median price for new builds increased by 51% over the decade, compared with 38% price growth over all residential sales
- of Scotland’s eight cities, Glasgow showed the largest residential price increase at 62% over the decade. Aberdeen was the only city where the median price decreased, falling by 27%
- prices of flats showed the lowest growth at 26% over the 10-year period, compared with the highest growth at 45% for semi-detached properties.
Summary of findings
The total market value of new build residential sales fell by 4% in 2024-25, despite an increase in median prices of 3% from £300,000 to £310,000. This drop was driven by a 7% decrease in the volume of sales. In 2024-25, 9% of residential property sales in Scotland were new builds.
Over the 10-year period from 2014-15 to 2024-25, the average residential property price in Scotland has increased by 38% from £138,000 to £190,000, whilst the number of houses sold has increased by 7% over the same period.
The report also looks at the non-residential market. The total market value of non-residential sales in 2024-25 was £3.7 billion. Commercial sales accounted for 82% of the total value, with the remainder from sales of forestry, agriculture and land .
Commenting on the release, a RoS spokesperson said:
“The Registers of Scotland Property Market Report is an essential resource for industry professionals, journalists, policymakers, and researchers seeking in-depth insights into Scotland’s dynamic property market. In 2024-25 the total value of residential sales was £22.7 billion, an increase of 10% when compared with 2023-24, and an increase of 45% when compared with 2014-15.”
The Property Market Report 2024-25 provides a long term overview of:
- residential market and distribution of sales
- sales of properties within new build developments
- the market within Scotland’s eight cities and local authorities
- trends in cash and mortgage-financed sales volumes
- residential property sales by urban rural classification
- Scottish Island Regions house prices
- the non-residential market.
Access the data tables and interactive charts.
ENDS
Notes to editors
- Registers of Scotland (RoS) is the government department responsible for compiling and maintaining registers relating to property and other legal documents in Scotland. RoS records and safeguards the rights of the individual while providing open access to information on the registers.
- This is an official statistics publication for Scotland. The statistics have been produced in line with the principles set out in the Code of Practice for Statistics.
- The property statistics are compiled using data collected as part of the land registration process. This data is the only comprehensive data-set, covering transactions across the whole of Scotland for all types of property sales, in residential and non-residential markets, and with actual sale prices, not just valuations. Full information on the methodology used to compile these statistics can be found on our Knowledge Base website.
- Further information about the quality processes in place for RoS data is available in the quality assurance of administrative data document, as published for the UK House Price Index.
- RoS began compiling statistics on the property market with the completion of the extension of the Land Register to all counties in Scotland in April 2003. Details of all of our property statistics releases, including the UK House Price Index, and future publication dates are available on our house price statistics section.
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