Landmark Information Group’s report for Q1 2025 found that the housing market in Scotland remained steady and outperformed England and Wales.
The data showed completions in Scotland rose by 18%, while listings increased by 11% year-on-year.
Buyer demand remained stable, with sold subject to missives (SSTM) volumes 11% higher than last year, though there was some softening mid-quarter.
Annual house price growth reached 4.3%, with continued affordability and lower average prices supporting the market.
Landmark Information Group’s report also included figures for England and Wales.
The research found the Stamp Duty changes in Q1 2025 caused a 30% jump in completions, with a 71% surge in March as buyers aimed to finish before the SDLT reversal deadline.
Mortgage valuation volumes rose by 8% compared with Q2 2024, as buyers took advantage of steady interest rates, especially 5-year fixed-rate deals.
Sold subject to contract (SSTC) activity increased by 4.4% month-on-month from February to March.
Additionally, the report revealed that search volumes were up 23% year-on-year in January but settled to baseline levels by February and March.
Simon Brown, CEO of Landmark Information Group, said: “This quarter’s data paints a picture of a market that remains fundamentally stable.
“The SDLT spike was expected, but beyond that we’re seeing meaningful signs of resilience from the market.
“Affordability is still a challenge, but buyers remain engaged and steady mortgage conditions are improving access to finance.”
Brown added: “The opportunity now is to support this progress by making the transaction process faster, more certain and connected.
“With the right focus, the property market can play a central role in supporting the UK’s wider economic growth.
“At Landmark, we’ll continue providing the insight and digital innovation the industry needs to deliver that potential.”
