Comparing with the previous month, house prices in Scotland decreased by 0.9% on a non-seasonally adjusted basis, whilst on a seasonally adjusted basis there was an increase of 0.2%.

The UK average house price was £292,000 which was an annual increase of 2.9% on September 2023. Comparing with the previous month, UK house prices decreased by 0.3% on a non-seasonally adjusted basis and decreased by 0.1% on a seasonally adjusted basis.

The volume of residential sales in Scotland in July 2024 was 8,624. When compared with the first published figures for July 2023 this was an annual increase of 7.2%.

Commenting on the house price figures in Scotland, a RoS spokesperson said: “There was an increase of 5.7% (to £198,000) in the average house price for Scotland in the 12 months to September 2024. This compares to an increase of 2.9% (to £292,000) in average house prices for the UK as a whole.”

The largest increase was in East Renfrewshire where the average price increased by 10.5% to £309,000. The largest decrease was recorded in Argyll and Bute, where the average price decreased by 2.3% to £186,000.

In September 2024, the highest-priced area to purchase a property was City of Edinburgh, where the average price was £347,000. In contrast, the lowest-priced areas to purchase a property were Inverclyde and East Ayrshire, where the average price was £132,000 for both.