Over the past 10 years:

• the median price for new builds increased by 51 per cent over the decade, compared with 38 per cent price growth over all residential sales
• of Scotland’s eight cities, Glasgow showed the largest residential price increase at 62 per cent over the decade. Aberdeen was the only city where the median price decreased, falling by 27 per cent
• prices of flats showed the lowest growth at 26 per cent over the 10-year period, compared with the highest growth at 45 per cent for semi-detached properties.

The total market value of new build residential sales fell by four per cent in 2024-25, despite an increase in median prices of three per cent from £300,000 to £310,000. This drop was driven by a seven per cent decrease in the volume of sales. In 2024-25, 9 per cent 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 per cent from £138,000 to £190,000, whilst the number of houses sold has increased by seven per cent 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 £3.7 billion. Commercial sales accounted for 82 per cent 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 £22.7 billion, an increase of 10 per cent when compared with 2023-24,  and an increase of 45 per cent when compared with 2014-15.”