Page 19 - PMR_Sept25

Scottish Borders

Key Points

Average selling prices dipped across Average Sales Days to Home Closing
the Borders selling volumes go under Report date
price offer valuation
The average selling price of a home in the Scottish
Borders was £219,318 between March and August 2025,
representing a 1.6% decrease year on year. Despite this
The average selling Sales volumes increased Homes sold at a steady Buyers paid 100.4% 10.9% of properties set
slight cooling, the Borders continues to offer good value price of property in the by 8.0%, while new pace, with a median selling of the Home Report a closing date.
compared to other parts of Scotland, particularly for Scottish Borders was property listings time of 33 days, although valuation on average, up
£219,318, a slight decline dipped 7.3%. this was six days slower 0.2 percentage points.
first-time buyers and families seeking larger homes at
of 1.6% annually. than the previous year.
more accessible prices.

Innerleithen recorded the highest average property
price in the region at £320,086, helped by a notable
68.7% increase on last year. At the other end of the Selling times slowed slightly, but At a local level, Kelso recorded the most dramatic
spectrum, Hawick remained the most affordable town, uplift, with sales volumes rising by 50% annually.
with homes selling for an average of £129,853 - a figure demand remains strong Galashiels followed with a more modest 5.1% increase,
heavily influenced by a 13.8% annual drop. Across the region, the median selling time was 33 days, while Peebles went against the trend, experiencing an
which was six days slower than last year. This shift 8.5% decline in sales.
For buyers seeking the most budget-friendly option, points to buyers exercising more caution, although
two-bedroom flats in Galashiels offered the lowest entry the pace of sales remains brisk compared with longer- In terms of property type, three-bedroom houses in
point to the market, averaging just £92,972. term averages. Kelso were the most popular choice among buyers,

followed by two-bedroom flats in Galashiels and three-
Borders buyers continued to pay close There were, however, notable exceptions. Tweedbank bedroom houses in Peebles. This balance reflects
to Home Report valuations once again demonstrated the strongest demand, with the enduring appeal of family-sized homes in market
homes going under offer in just 13 days on average, towns, combined with the affordability advantage
Despite softening prices, buyers across the Borders are and more than half (56%) reaching a closing date - offered by smaller flats.
still paying close to Home Report values. On average, a remarkably high proportion by any standard. At a
homes achieved 100.4% of their valuation, a modest property type level, three-bedroom houses in Kelso
0.2 percentage point increase on last year, which were the fastest to sell, taking only 12 days on average,
reflects the market’s ability to retain a level of stability a remarkable improvement of 21 days quicker than the
even during adjustment. same period last year.

Some towns stood out more than others. Tweedbank These figures highlight the varied pace of the market:
saw particularly competitive conditions, with properties while some areas are slowing slightly, particular towns In terms of property type,
selling for 108.5% of valuation, up by 2.5 percentage and property types remain in extremely high demand. three-bedroom houses in Kelso
points year on year. By contrast, buyers looking for were the most popular choice
better value could turn to Hawick (95.2%) or Peebles Sales volumes up despite fewer new among buyers, followed by
(97.4%), where homes were typically secured below the
valuation figure. listings two-bedroom flats in Galashiels
The number of new property listings in the Borders and three-bedroom houses
Overall, 64.1% of properties sold for at least their Home declined by 7.3% year on year, continuing a trend in Peebles.
Report valuation, unchanged from the same period in of tightening supply. In contrast, sales volumes
2024. This consistency suggests that demand remains rose by a healthy 8.0%, underscoring that demand
healthy and that buyers are still willing to meet, or in continues to outweigh the number of homes being
many cases exceed, professional valuations. brought to market.

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