Scottish house prices are booming, defying the gloomy predictions and leaving England and Wales in the dust. Could now be the time to snap up a bargain before prices climb even higher?

According to property experts Walker Fraser Steele, the average house price in Scotland hit £225,113 in July, a 1.9% increase compared to the same time last year. This figure marks a new record high for Scotland, surpassing the previous peak set back in September 2023.

West Lothian Leads the Charge with Record-Breaking Price Growth

West Lothian is the star performer, smashing its own price records for the third time this year! The average house price in this thriving area now stands at an impressive £251,088.

But West Lothian isn’t the only hotspot. East Renfrewshire is also experiencing remarkable growth, with average prices reaching £350,737.

Scottish Property Market Defies Expectations

What’s driving this incredible growth? Scott Jack, a top expert at Walker Fraser Steele, points to the market’s remarkable resilience. Despite higher taxes in Scotland, buyers are undeterred, recognising the value and potential of Scottish property.

“For several months now, our data shows that average prices have been consistently 1-2% above their previous peak in September 2023,” says Jack. “Almost all of Scotland is outperforming England and Wales.”

Positive Outlook for Landlords and Investors

The future looks bright for those looking to invest in the Scottish property market. Jack predicts that falling interest rates and increased mortgage availability will continue to fuel demand, keeping prices strong in the coming year.

This positive outlook is further bolstered by a robust job market and better-than-expected economic growth in Scotland.