Scottish homes increase by almost £10K in a year
Scottish homeowners were among the big winners following the latest House Price Index - with properties rising by almost £10,000 over the last year.
Property as a whole in the nation saw a 5% increase which added £8,553 to the price of a house. The average cost of a property in the UK’s second most populated country now stands at £185,939.
Glasgow, Scotland’s biggest city, saw properties rise by more than £16,500 and Edinburgh, the nation's capital, surpassed that with gains of £17,000.
The analysis by online estate agents Purplebricks can reveal the exact places where property values have increased this month and also year-on-year.
The price rise in Scotland comes amid a UK property price boom with the average owner seeing £16,000 added to the value of their home, according to Wednesday’s report.
The value of UK homes increased by 6.4% in the 12 months from March 2024 to March 2025, making the average home valued at £271,000.
Data shows the majority of UK regions have gone up in price, with hotspots including Sevenoaks in Kent and Rushcliffe in Nottinghamshire.
The average UK homes also saw a small monthly increase of 1.1%, according to the Office for National Statistics (ONS) report.
Robert Nichols, managing director of Purplebricks Mortgages, believes that many Brits will be buoyed by the increase in UK house prices
In particular, first-time buyers could benefit with Mr Nichols believing they will ‘have more opportunities to get a first foot on the ladder’.
House prices in England saw an annual change of 6.7%, making the average property worth £295,645.
Welsh homes continue to go from strength-to-strength with another strong showing as the Welsh capital gears up to host the European Champions Cup final.
The average property price in Cymru increased to £208,093, a 3.6% rise year on year.
Tom Evans, sales director at Purplebricks Estate Agency said: “House prices continuing to rise is great news for UK homeowners.
“While the stamp duty changes that came into force from April 1 may not be felt quite yet, the prospect of more Bank of England base rate cuts will likely fuel demand and push up prices further this year - suggesting 2025 will be a strong year for the UK housing market.”
Robert Nichols, managing director of Purplebricks Mortgages said: “Rising house values coupled with falling mortgage rates is a big win for homeowners and would-be homeowners alike.
“The bump in property prices should boost confidence in the benefits of investing in bricks and mortar while repeated Bank of England base rate cuts will spur both existing and prospective owners into making a move.
“The downward trend in mortgage rates will fuel further interest in the market, meaning more for sale signs and more opportunities for that first foot on the ladder - making 2025 a great year for first-time buyers.”