The value of residential property sales in Scotland reached a record high of £24.3 billion in 2025-26, an increase of 7% on 2024-25, according to the Annual Property Market Report by Registers of Scotland.

The £24.3 billion is an increase of 45% on the £16.8 billion of sales achieved 10 years ago — and represents the highest level of home sales since records began in 2003-04.

The previous peak was £23.2 billion of sales recorded in 2007-08.

The median price of a residential property in Scotland was £198,000, an increase of 4% from £190,000 in 2024-25.

The total number of residential property sales in Scotland was 104,408, an increase of 5% on 2024-25.

Over the past 10 years, the median price for new builds increased by 51%, compared with 41% price growth for existing dwelling sales.

Of Scotland’s eight cities, Glasgow has shown the largest increase in the median price of a residential property at 57% over the past decade, while Aberdeen has been the only city where the median price decreased over 10 years, falling by 29%.

Prices of flats over the past 10 years have shown the lowest growth at 26%, compared with the highest growth at 50% for semi-detached properties.

“The total market value of new build residential sales grew by 9% between 2024-25 and 2025-26,” said the report.

“This was mainly due to an increase in the number of sales, which was up by 8%, although the median price also increased by 3% from £310,000 to £317,995.

“In 2025-26, around 10% of residential property sales in Scotland were new builds, which is a similar proportion to 2024-25.

“Over the 10-year period from 2015-16 to 2025-26, the median residential property price in Scotland rose by 41% from £140,000 to £198,000, whilst the number of houses sold increased by 4%.”

A Register of Scotland (RoS) spokesperson said: “The Registers of Scotland Property Market Report is an essential resource for industry professionals, journalists, policymakers, and researchers seeking in-depth insights into Scotland’s dynamic property market.”