Scotland’s residential property market has grown by £7 billion over the past ten years, with the total value of home sales rising from £15.7 billion in 2014–15 to £22.7 billion in 2024–25, according to Registers of Scotland’s latest Annual Property Market Report. The new data shows a decade of strong upward momentum for landlords and property investors, with average prices and transaction volumes both heading in a favourable direction.
In 2024–25 alone, the average house price rose by 3% to £190,000, while sales volumes increased 7% year-on-year, with nearly 100,000 homes changing hands across Scotland. Residential property sales in total were worth £22.7 billion, up 10% on the previous year.
Glasgow leads on growth as property values rebound
Over the past ten years, Glasgow has seen the highest increase in residential property prices, rising a full 62%, outpacing the national average. By contrast, Aberdeen was the only Scottish city where values declined-falling 27% due to long-term impacts from the oil and gas downturn.
Semi-detached homes have led the way in property type appreciation, with a 45% growth over the decade, while flats showed more modest increases of 26%. The report also revealed that new builds have increased in average price by 51%, although overall sales volume for new build homes dipped 7% in 2024–25.
Despite this, median new build prices still rose from £300,000 to £310,000, and new builds made up 9% of all residential sales last year-highlighting their continued relevance for both developers and long-term buy-to-let investors.
Landlords well-positioned as market demand holds
A spokesperson for Registers of Scotland described the new findings as essential reading for those keeping a close eye on the Scottish housing market. “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,” they said. “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.”
Professional landlords with portfolios in key urban areas-especially Glasgow and Edinburgh-are already seeing the benefit of capital growth, rental demand and population inflows. With housing supply still constrained and local authorities increasingly reliant on the PRS to meet shortfalls, long-term investors are likely to find Scotland continues to offer stable returns.
