Scottish house prices hit record high as market outperforms England and Wales

Scotland’s housing market continued to strengthen in September, with the latest Walker Fraser Steele Acadata House Price Index showing that average property values rose by £2,000, or 0.9%, compared with August.

The increase marks a new record average price of £233,081 and follows two consecutive months of solid gains.

Transaction levels also point to renewed momentum, with estimated sales in August reaching their highest level in three years.

Early data for September suggests that activity remained robust, supported by lower mortgage rates and a steady return of buyers to the market despite broader economic uncertainty.

Scott Jack, regional development director at Walker Fraser Steele, said: “Price growth is evident nationwide.

“Five local authorities, including East Renfrewshire and Fife, set new highs in September, bringing the total to 19 authorities that have hit records at some point in 2025.

“While monthly movements vary, the overall picture contrasts sharply with the subdued performance seen in England and Wales, according to Acadata figures.”

Scotland’s market has shown greater resilience than other parts of the UK, aided by relatively lower property prices, a younger first-time buyer base, and the availability of schemes such as the Mortgage Guarantee Scheme and the Lifetime ISA.

These factors have supported affordability and helped sustain demand even as other regional markets have cooled.

However, the report notes that ongoing price growth could begin to strain affordability for some buyers, particularly those entering the market for the first time.

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