Scottish house prices are expected to rise by 3% in 2025, according to property firm Rettie.
Average prices in Glasgow grew by 5% in the first eight months of the year, outpacing other Scottish cities.
Growth in Edinburgh and Dundee was up by 1%, while prices in Aberdeen fell by just over 1%.
On a 12-month basis, Glasgow’s average house price rose by more than 5% to nearly £218,000.
Edinburgh’s average price remains the highest at around £338,000.
Rettie said transaction levels are set to increase by 5% this year, helped by lower mortgage rates and government action.
New build sales rose in 2025 for the first time since 2022, but market activity is still low compared to previous years, with rising costs and fewer land opportunities.
So far in 2025, new build sales make up 10% of all Scottish house sales, below the usual 15%.
In the private rented sector (PRS), more rental properties are available, which has slowed rent increases.
The average advertised rent in Scotland is now £1,250 per month, the highest recorded.
Rental supply bounced back in Glasgow during the first half of 2025, especially with new Build to Rent schemes like Candelriggs Square.
Edinburgh’s rental listings are still more than 2,000 below 2020 levels, down by roughly 20%.
John Boyle, director of strategy and research at Rettie, said: “As we forecast at the start of 2025, the Scottish housing market has moved at a steady pace this year, with only modest uplifts in the key market metrics.
“The market remains in a delicate condition given that interest rates and mortgage rates remain high in a recent historical context and economic growth is limited.
“The new build sales market has shown some improvement but is well down on pre-2022 levels.”
Boyle added: “The rental market has cooled after substantial growth in rents and the increase in rental availability is a positive, but we are yet to see the full impacts of the new Housing Bill.”
