Scottish property prices have risen, driven by high demand and low supply, according to MHA economic adviser Professor Joe Nellis.
House prices in Scotland rose +4.6% year-on-year in April, to an average of £214,011.
Scotland, Northern Ireland (+8.1%) and Wales (+4.7%) outpaced regions in England, with the UK on average recording a 3.2% increase.
Professor Joe Nellis is economic adviser at MHA, global accountancy and advisory firm, which has offices in Edinburgh and Aberdeen.
He said: “Although the yearly rate of house price growth has slowed in recent months, April 2025 saw a UK-wide 3.2% increase from the previous April and prices are continuing to rise year on year.
“This comes as mortgage affordability is creeping up due to greater competition in the mortgage market providing more favourable rates, and consistently high earnings growth putting more money in potential homeowners’ pockets. These factors combine to increase demand for houses and drive prices up.
“Despite strong demand for home ownership, Scotland – as with the rest of the UK - continues to be plagued by an inadequate supply of housing.
“The Scottish Government has committed to ambitious targets to build 110,000 affordable homes by 2032, including 70% for social rent and 10% in rural and island communities. This could go some way to reversing climbing prices, but it remains to be seen whether this target can be met.”