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

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

Commenting on the house price figures in Scotland, a RoS spokesperson said: “There was an increase of 5.7 per cent (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 per cent (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 per cent to £309,000. The largest decrease was recorded in Argyll and Bute, where the average price decreased by 2.3 per cent 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.