The Annual Property Market Report has been printed by Registers of Scotland (RoS) revealing that within the final 10 years the worth of the Scottish residential property market has elevated by 45%, from £15.7bn to £22.7bn.
In keeping with the newest analysis, the common value of a residential property in Scotland reached 190,000 in 2024-25, a rise of three% from £185,000 in 2023-24.
Some 99,975 residential property gross sales have been recorded in Scotland, a rise of seven% on 2023-24, whereas the full worth of residential property gross sales in Scotland – £22.7bn – represents a rise of 10% on 2023-24.
Of Scotland’s eight cities, Glasgow confirmed the most important residential value enhance at 62% over the last decade. Aberdeen was the one metropolis the place the common value decreased, falling by 27%.
Costs of flats confirmed the bottom development at 26% over the 10-year interval, in contrast with the very best development at 45% for semi-detached properties.
In the meantime, over the previous 10 years, the common value for brand spanking new builds elevated by 51% over the last decade, in contrast with 38% value development over all residential gross sales.
Nevertheless, the full market worth of recent construct residential gross sales fell by 4% in 2024-25, regardless of a rise in median costs of three% from £300,000 to £310,000. This drop was pushed by a 7% lower within the quantity of gross sales. In 2024-25, 9% of residential property gross sales in Scotland have been new builds.
A RoS spokesperson stated: “The Registers of Scotland Property Market Report is a vital useful resource for trade professionals, journalists, policymakers, and researchers searching for in-depth insights into Scotland’s dynamic property market.
“In 2024-25 the full worth of residential gross sales was £22.7bn, a rise of 10% when put next with 2023-24, and a rise of 45% when put next with 2014-15.”
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