RoS: Value of Scottish housing market increased by 45% in last decade to £22.7bn
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In the last 10 years the value of the Scottish residential property market increased by 45%, from £15.7 billion to £22.7bn, according to the latest Property Market Report published by Registers of Scotland (RoS).
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 £3.7bn. Commercial sales accounted for 82% of the total value, with the remainder from sales of forestry, agriculture and land .
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 £22.7bn, 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.
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