Property Market Report 2019-20
House price statistics from Registers of Scotland.
Three key figures for 2019-20:
- the average price of a residential property in Scotland was £182,357
- the volume of residential property sales in Scotland was 101,664 sales
- the value of residential property sales in Scotland was £18.5 billion
The latest statistics from Registers of Scotland’s Property Market Report 2019-20 show that the value of residential property sales in the financial year 2019-20 was £18.5 billion, an increase of 2.0 per cent when compared with 2018-19.
The residential sales market has increased by 70 per cent since 2009-10 and reached a 12-year-high in 2019-20, but remains 20 per cent below the pre-financial crisis level in 2007-08 (£23.1 billion).
Due to the introduction of government measures to reduce the spread of coronavirus (COVID-19) in March 2020, fewer transactions were received by RoS than expected in March 2020.
Take caution when interpreting these statistics and comparing them with previous time periods.
More information is available in the background and contact information section.
The Property Market Report is the main statistical compendium publication from Registers of Scotland.
It details the major trends in the Scottish land and property market since 2003-04, includes residential and non-residential markets as well as key statistics on house prices and sale transactions.
The average price of a residential property in Scotland in 2019-20 was £182,357, up 1.9 per cent on 2018-19 and 18 per cent when compared with the pre-financial crash average price of £154,820 in 2007-08.
Since 2003-04, the start of RoS house price data, the average residential property price in Scotland has increased by 81 per cent.
The volume of residential property sales in Scotland has risen by 44 per cent since the recent low in 2011-12 to 101,664 sales in 2019-20.
The sales volume remain 32 per cent below the pre-financial crisis level peak of 150,455 sales in 2006-07. In the past year, sales have increased slightly by 0.1 per cent.
The report also looks at the non-residential market. The total market value of all types of non-residential sales in 2019-20 was £3.7 billion.
Commercial sales accounted for 81 per cent with the remainder from sales of forestry, agriculture and land.
Commenting on the release, Accountable Officer, Janet Egdell said:
“The Scottish property market is a significant component of the Scottish economy. In 2019-20, the total value of residential sales continued to rise, largely due to average prices continuing to increase while the volume of sales has levelled off in recent years.”
Further findings from the report include:
- 12 per cent of residential property sales in Scotland in 2019-20 were new-builds, the highest proportion since 2008-09.
- 27 per cent of all residential properties sold in Scotland in 2019-20 were located within one of Scotland’s seven cities with most sales in Glasgow.
- 70 per cent of residential sales transactions in 2019-20 were with a mortgage, with cash sales accounting for the balance.
- There were 255 residential property sales for more than £1 million in 2019-20, two-thirds of which were in the City of Edinburgh (183 sales).
Further information on trends in cash and mortgage-financed sales volumes, the market within Scotland’s seven cities and local authorities, sales of properties within new-build developments and trends by house type can be found in the Property Market Report 2019-20.