Average house price growth in Scotland slowed in March, with new figures from HM Land Registry showing annual price inflation easing to 1.6%.
The average property price in Scotland now stands at £187,000, according to the latest UK House Price Index data for March 2026. That marks a slowdown from the revised annual growth figure of 2.5% recorded in February.
On a monthly basis, Scottish house prices dipped by 0.2% between February and March, compared with a 0.7% monthly rise during the same period last year.
Despite the slowdown, Scotland continued to outperform the wider UK market, where annual house price inflation stood flat at 0.0% over the same period.
TRANSACTION LEVELS
Comparing provisional estimates for January 2025 and January 2026, transaction volumes in Scotland increased by 1.9%, while UK-wide transactions fell by 2.4%.
Semi-detached homes recorded the strongest annual price growth among Scottish property types, rising by 4.4% year-on-year to an average value of £215,000.
In contrast, flats and maisonettes saw the weakest performance, with prices falling by 1.4% annually to £131,000.
At a regional level, 25 of Scotland’s 32 local authority areas recorded annual house price growth.
Inverclyde saw the strongest increase, with average values rising by 11.0% to £113,000.
Meanwhile, Angus and East Lothian recorded the weakest performance, both seeing annual price declines of 1.8%, leaving average values at £160,000 and £277,000 respectively.
HM Land Registry noted that recent estimates remain provisional and may be revised as additional transaction and new-build data is processed. The organisation also warned that revisions may remain larger than historic norms due to lower transaction volumes and continuing uncertainty around new-build pricing.
DESIRABLE PLACE TO LIVE
Mary-Lou Press, NAEA Propertymark President, says: “While UK house price growth has remained steady overall, Scottish homeowners have benefitted from house price growth year on year.
“For those in Scotland who are hoping to sell their property during the traditionally busier spring and summer months, this will enable them to use potential additional equity on their current property within their next transaction.
“The news also demonstrates that Scotland is proving an increasingly desirable place to live due to steady house price growth and attractive working from home opportunities.
“Of course, house price growth can make it more challenging for aspiring homeowners to step onto the housing ladder. Now that a new Scottish Government is being formed, it will be vitally important for them to meet any housing targets that they agreed to implement.
“Also, with mortgage rates fluctuating in response to geopolitical tensions, it is hoped that stability will return to the mortgage market and might result in more competitive and affordable rates that will allow more people to step onto the housing ladder.”
