Based on sales data from October to December 2025, the average selling price increased by 4.1 per cent year-on-year, reinforcing the continued resilience of the local market. While price growth has been moderate compared to the same period the previous year, current conditions are more closely aligned with longer-term trends, reflecting a market that remains robust without the volatility seen during peak periods.

As a result of this more cautious and considered approach, sales volumes declined by 8.3 per cent year-on-year, while the number of new listings coming to market fell by 10.2 per cent. While these figures represent a slowdown compared to last year, both sales and listing volumes are broadly in line with levels seen in 2023, indicating a return to more typical market conditions rather than a weakening of demand.

Flats proved to be the most popular property type overall, with one- and two-bedroom flats in Leith particularly sought after, driven by strong demand for city living and lifestyle amenities. For families, three-bedroom houses were in the highest demand, with Dunfermline taking the top spot as a popular choice thanks to its affordability, space and transport links.

The period was shaped by a number of external influences, most notably the UK budget announcement and anticipated changes to interest rates. In the weeks leading up to the budget, heightened speculation led some buyers and sellers to pause their plans, choosing to wait for greater clarity before committing. This cautious approach was further influenced by expectations of an interest rate reduction in mid-December. With that anticipated cut now delivered, confidence has improved, laying strong foundations for positive market momentum moving into 2026.

As a result of this more cautious and considered approach, properties took slightly longer to sell, with homes going under offer in an average of 25 days, four days slower year-on-year. Buyers paid an average of 101.7 per cent of Home Report valuation, signalling a market that remains competitive while allowing buyers time to make informed decisions.

Affordability and premium pricing also varied significantly by location. Hawick in the Scottish Borders recorded the most affordable average selling prices during the period, while properties in Edinburgh’s West End achieved the highest average selling prices, reflecting continued demand for prime city locations.