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THE PROPERTY MARKET
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The House Price Report: May 2025 solicitor estate agents homes My ESPC emails
ready to help you buy and sell homes for sale sent during May
We share the latest property market data from across Edinburgh,
the Lothians, Fife and the Borders.
Property sales volumes stayed much the same New Town, Stockbridge, and Comely Bank.
in March - May 2025 as the previous year, with Midlothian and West Lothian also delivered
he average selling price of property valuation to secure a property - down two a slight decline of 1.3%. With a rise in properties strong performances, with Dalkeith’s and
across Edinburgh, the Lothians, Fife and percentage points compared to the same time coming to market, coupled with a marginally Bonnyrigg’s figures underscoring the region’s
Tthe Borders during March - May 2025 last year. slower market pace and fewer homes going growing appeal.
was £283,335, which is 3.6% higher than the to a closing date, buyers can feel a little less
same time the previous year. Overall, 73% of properties sold at or above pressure to act competitively. “The Scottish Borders stood out with an
their Home Report valuation, a slight rise from 8.1% rise in average house prices, reflecting
The most expensive region to buy a property 72% the previous year. The recent surge in In contrast to earlier this year, property listings increased interest in rural and semi-rural living,
was Edinburgh, with an average price of new listings has reduced market competition, continued to rise year-on-year. The volume of while West Fife & Kinross continues to offer
£301,077, while the most affordable place to leading to a more moderate bidding properties coming onto the market increased by exceptional affordability, with Dunfermline
buy a home was West Fife & Kinross, where environment and tempering the premiums 4.8%, meaning that there were plenty of options continuing to be particularly attractive to first-
homes cost £216,193 on average. buyers are willing to offer in a market with available for buyers, lessening competition and time buyers.
increased choice. allowing buyers more opportunities to secure
ESPC data reveals that most markets their ideal home. “Selling times remain reassuringly steady, with
experienced a rise in average house prices. The median time for properties to go under a median of 27 days across all areas – just one
The Scottish Borders enjoyed a year-on-year offer was 27 days - just one day longer than In another sign of strong confidence in the day slower than last year. Fast-moving markets
increase of 8%, resulting in an average house during the same period in 2024. This reflects a market, despite rising numbers of available like West Fife and the South West of Edinburgh
price of £227,616. With an annual rise of 6%, stable market, providing reassurance for both properties, 87.5% of sellers chose to list their are standout examples of high demand and
Midlothian’s strong performance resulted in buyers and sellers. Buyers benefit from time to properties using the ‘offers over’ marketing decisive buying behaviour. Notably, two-
a new average house price of £269,943. West carefully consider their options, while sellers method (as opposed to listing for a fixed bedroom flats in Dunfermline are selling in just
Lothian also experienced good growth - with can still expect interest to materialise within a price) - a figure which is almost 10 percentage 13 days on average, making them a standout
the average house price rising 5% to £278,728. few weeks. points higher than it sat during the same time option for swift transactions.
last year.
Properties typically sold much closer to their Overall, 21% of properties went to a closing “Perhaps most encouragingly, property
Home Report valuations. During this period, date, representing a slight decrease of 1.3 What does it mean for the local property listings are on the rise, up 4.8% year-on-year.
buyers paid an average of 101.5% of the percentage points year-on-year. market? With more homes on the market, buyers are
CEO Paul Hilton commented: “The Scottish enjoying increased choice, while sellers remain
property market has remained resilient through confident – as reflected by the fact that nearly
the spring of 2025, with steady growth in
88% of properties are still marketed as ‘offers
Key points £283,335 27 days average selling prices, consistent buyer activity, over’. This balanced dynamic supports a
and an encouraging rise in new property listings.
healthy, sustainable property environment as
median time to sell
average selling price
With increased supply balancing demand, both
we approach the summer months.
buyers and sellers are navigating a market that
one day slower than last year.
up 3.6% year-on-year.
offers choice and stability, underpinned by
continued confidence. “As we look ahead, the market remains
well-positioned. With new listings growing,
101.5% stable pricing trends, and high-performing
“Edinburgh remains the most expensive area regions showing strong momentum, we
average percentage of Home Report valuation achieved
to purchase a home, with the city centre expect to see continued engagement from
down 0.2 percentage points annually. once again leading the way with an 8.4% both buyers and sellers. Confidence remains
year-on-year increase, driven by demand for high – and that’s good news for everyone
homes in sought-after neighbourhoods like participating in the market.”
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