Scotland’s property market has recorded its highest ever value, new figures have revealed.

Data from Registers of Scotland claimed that total sales surpassed £24billion for the first time since records began in 2003 to 2004.

The annual report revealed the total value of residential sales reached £24.3billion in 2025 to 2026, up 7% on the previous year.

It overtakes the previous peak of £23.2billion set at the height of the credit crisis, in the 2007 to 2008 market.

Average prices

The report went on to claim that the average price of a property in Scotland now stands at £198,000, up 4% from a year earlier.

At the same time, transaction volumes have increased 5% to 104,408 sales.

The picture across the past decade is also striking with the total market value up 45%. During that time, average prices are also up 41%, from £140,000.

New builds

Meanwhile, new builds in Scotland currently account for around 10% of sales, with the average new build price at a relatively higher £317,995.

Glasgow has been the standout performer among Scotland’s eight cities during the past decade.

It has recorded an increase in the average price of 57%.

The only city where prices have fallen is Aberdeen, which is down 29% during the same period.

Regarding property type, semi-detached homes showed the strongest price growth at 50% in ten years, while flats lagged at 26%.

A Registers of Scotland spokesperson said the figures underlined the market’s resilience: “In 2025-26 the total value of residential sales was £24.3 billion, an increase of 7% on 2024-25 and an increase of 45% compared with 2015-16.”

Rental market

At the same time, Scotland recorded the strongest monthly rental growth of any region in Britain, according to Propertymark.

It said average rents rose 7.7%, from £1,167 in April to £1,257 in May – pushing the typical salary required to secure a home to £37,710.

Megan Eighteen, President of ARLA Propertymark, said: “The sharp increase recorded in Scotland highlights the continued imbalance between tenant demand and available rental stock, a challenge that remains evident in several high-pressure markets.

“At the same time, regions including the South East and East of England have seen modest improvements in affordability measures, demonstrating that market conditions are evolving differently across the country.”