The aim of the s1homes Scottish house price report is to provide property professionals, home buyers and sellers with price trends in the various local property markets throughout Scotland.

The report compares a snapshot of our asking price data with the average actual selling prices achieved across the quarter as compiled by the official government agency, Registers of Scotland, to highlight the ’Reality Gap’.

Whilst we make no claims for this being a like for like comparison we do believe this highlights the gap between expectation and reality.

s1homes is Scotland’s largest property site and is used by all major estate agencies. Using the 30,000 plus properties which are being advertised for sale on s1homes at any one time as its base data, the report is based on a larger sample than reports which are based only on actual selling prices, and so trends at a regional level will be more statistically robust.  

House Prices - All of Scotland

The s1homes data shows that, during the first quarter of 2012, the Reality Gap in Scotland increased. Sellers maintained their average asking price of £166,386, however, actual prices achieved fell by 5% to £148,764, 10% below the average asking price.

*Source: Registers of Scotland, House Price Report (Jan-Mar 2012)