This comes just under the 4.9% rise experienced across the UK, where the average price reached £269,000.

Compared to the previous month, house prices in Scotland increased by 0.2% on a non-seasonally adjusted basis, whilst on a seasonally adjusted basis there was a decrease of 0.2%.

The volume of residential sales in Scotland in November 2024 was 9,404. When compared with the first published figures for November 2023 this was an annual increase of 19.2%. Published transactions for recent months will increase as later registered transactions are incorporated into the index.

The table below provides Scotland house prices and annual changes by property type.

Increases were recorded in 28 out of 32 local authority areas, when comparing prices with the previous year. The largest increases were in Moray and Renfrewshire where the average prices increased by 9.7% to £201,000 and £157,000 respectively.

The largest decrease was recorded in City of Aberdeen, where the average price decreased by 2.3% to £141,000.

Notably, Orkney Islands, Na h-Eileanan Siar, and Shetland Islands were excluded from top/bottom performer analysis due to low sales volumes.

Edinburgh remained the most expensive area to buy property, with an average price of £295,000, while Inverclyde was the most affordable, at £113,000.