RoS’s new report shows that the total value of Scotland’s residential property sales has risen markedly over the past decade, with the market now worth around £22.7 billion compared with £15.7 billion ten years ago. This represents growth of about 45 per cent over the period, underlining the resilience of the housing market despite economic uncertainty and the pandemic-era spike in activity.
An RoS spokesperson said the figures highlight “a robust long‑term picture” for Scottish property. “While year‑to‑year conditions can be volatile, the overall trajectory remains one of steady growth in both prices and the total value of sales,” they added.
According to RoS data, the average price of a property in Scotland was around £187,000 in early 2026, up from roughly £193,000 at the peak in late 2025 but still higher than a year earlier. The report also notes that the median residential property price over the most recent full financial year was just under £200,000, reflecting a modest annual increase in line with wider UK trends.
“House prices in Scotland have continued to grow, albeit more slowly than in the immediate post‑pandemic period,” the RoS spokesperson said. “We are seeing a market that is adjusting to higher borrowing costs, with more measured price growth replacing the sharp increases of recent years.”
While market value remains high, RoS reports that transaction volumes have eased back from the post‑pandemic boom, with the number of sales now closer to pre‑Covid levels. The Scottish Government’s housing market review for 2025, which draws on RoS data, shows sales in the first half of 2025 were only just below 2019, reinforcing the picture of a market normalising after an exceptional period.
“Transaction levels have come off the highs we saw when restrictions were lifted and pent‑up demand came through,” the spokesperson said. “However, activity remains broadly in line with the long‑term average, suggesting that needs‑based movers are still coming to market despite higher interest rates.”
The RoS report underlines significant regional variation, with some local authority areas recording stronger activity and price growth than others. Recent market analysis points to particularly active conditions in areas such as East Lothian, Midlothian and North Ayrshire, where a relatively high proportion of homes have changed hands over the past year.
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“These figures demonstrate that Scotland does not have a single uniform housing market,” RoS commented. “Local economic conditions, new‑build supply and commuting links all play a role in shaping demand and pricing in different parts of the country.”
Looking ahead, RoS notes that the outlook for the Scottish property market will depend heavily on the path of interest rates and broader economic conditions. Survey evidence from industry bodies suggests buyer sentiment remains cautious, but there are signs of stabilisation as households adjust to the new borrowing environment.
“The data indicate a market that is neither overheating nor in sharp decline,” said the RoS spokesperson. “Instead, we see a period of consolidation, with modest price growth and stable, if slightly lower, transaction levels compared to the exceptional highs of recent years.”
