This marks a 6.1% rise compared to the same period in 2024.

Regionally, price growth varied significantly. Edinburgh experienced a strong 6.8% increase, pushing the city’s average price to £304,064. Specific areas showed even steeper rises, with North-West Edinburgh (including South Queensferry) jumping 18.1% to £309,287 and the city centre increasing 11.7% to £352,568.

East Fife recorded the largest annual growth at 13.8%, while West Lothian prices climbed 9.5% to £290,751. Modest increases were seen in Midlothian (+3.2%) and the Scottish Borders (+3.8%). West Fife & Kinross remained the most affordable region at £217,517, despite a small 0.8% rise.

East Lothian was the exception, with average prices dipping 1.9%, attributed to a higher volume of smaller flat sales. Dunfermline saw a 6.9% rise to £219,589, with one and two-bedroom flats offering entry-level affordability at £89,813 and £154,406 respectively.

Properties sold, on average, for 100.8% of their Home Report valuation, a slight decrease of 0.2 percentage points year-on-year. This indicates less intense bidding competition compared to the previous year, although 68.3% of properties still achieved or exceeded their valuation. East Fife saw the largest drop in valuation achieved (down 1.6 percentage points to 99%), while West Fife & Kinross remained stable at 101.5%.

Market activity showed conflicting trends. Sales volumes increased by 4% year-on-year, demonstrating continued buyer demand. However, the number of new properties listed for sale decreased slightly by 1.7%. Musselburgh (+24%) and Gilmerton (+169.2%) saw significant increases in sales transactions. The median time to sell increased by two days to 32 days overall. West Fife & Kinross properties sold fastest (18 days).

Despite higher sales, fewer properties went to a closing date (17.3%, down 2.1 percentage points), suggesting asking prices were aligned with buyer expectations. Notably, 87.4% of properties were marketed using the ‘offers over’ pricing strategy, up from 75.2% in early 2024.

CEO Paul Hilton commented: “The first quarter of 2025 presents a consistent picture for the property market, with the trends of the past few months continuing.

“We are certainly seeing a market that is strong for buyers, with plenty of options available, reduced expectations to pay high premiums, fewer closing dates and longer selling times, giving househunters ample opportunity to shop around to find their ideal home.

“There is plenty of interest and activity among property buyers, but with a steady flow of properties on the market, it allows for calmer seas for those in a position to purchase.”