Housing prices in Scottish Borders

In Scottish Borders:

We regularly revise our house prices estimates. All of the house price data from the last 12 months and UK-level rent estimates for the latest two months are provisional and subject to revision.

Figures in this article are not seasonally adjusted.

Scotland rents data are mainly for advertised new lets, which were not subject to Scotland's in-tenancy price increase cap and are not subject to temporary changes to the Rent Adjudication system. See the More data on the housing market section for further details on Scotland's rents data.

Average house price in Scottish Borders was £206,000 in October 2024

The provisional average house price in Scottish Borders in October 2024 was £206,000. This was higher than the average of £194,000 in October 2023 (revised), a 5.9% rise.

Across Scotland, the average house price in October 2024 was £197,000, which was more than a year earlier (£187,000).

Across Great Britain, a home sold for an average of £295,000 in October 2024, which was up from the October 2023 average of £285,000.

In the year to October 2024, the average price for terraced properties in Scottish Borders rose by 7.8%, while the average price for detached properties increased by 4.5%.

For each property type, average prices as of October 2024 in Scottish Borders were:

• Detached properties: £343,000
• Semi-detached properties: £212,000
• Terraced properties: £178,000
• Flats and maisonettes: £115,000

Back to top

Average private rents rose in Scottish Borders

Scottish Borders is in the broad rental market area of Scottish Borders.

Private rents in Scottish Borders averaged at £669 a month in November 2024. This was an increase from £651 in November 2023, a 2.8% rise.

Across Scotland, the average monthly rent was £980, up from £921 a year earlier.

Across Great Britain, the average rent price in November 2024 was £1,319, which was up from £1,209 in November 2023.

In Scottish Borders, average rents on detached properties rose by 3.5%, while for semi-detached properties, the average stayed around the same.

For one bed properties, average rents rose by 3.3%, while the average for two bed properties increased by 2.2%.

By how many bedrooms there are in a property, average rents as of November 2024 in Scottish Borders were:

• One bedroom: £439
• Two bedrooms: £592
• Three bedrooms: £781
• Four or more bedrooms: £1,328

Taking the data instead by property type, average rents were:

• Flats and maisonettes: £535
• Terraced properties: £691
• Semi-detached properties: £744
• Detached properties: £992

Back to top

First-time buyers in Scottish Borders paid £161,000 on average in October 2024

The provisional average price paid by first-time buyers was £161,000 in October 2024. This was higher than the revised October 2023 average of £151,000.

In comparison, home-movers in Scottish Borders paid an average of £240,000 in October 2024. This was higher than £228,000 a year earlier.

In October 2024, the average price was £237,000 in Scotland and £337,000 in Great Britain.

We do not produce figures for first-time buyer prices by type of property. Average house prices by property type for price paid data are available above.

Back to top

Average house price for mortgage buyers rose in Scottish Borders

The average price of a home bought with a mortgage in Scottish Borders was £214,000 in October 2024 (provisional). This was higher than an average of £202,000 in October 2023 (revised).

Across Scotland, the average price of a home bought with a mortgage was £206,000, up from £194,000 a year earlier.

Across Great Britain, the average price for buying with a mortage in October 2024 was £304,000, which was up from an average of £294,000 in October 2023.

Our mortgage calculator shows how monthly repayments are changing at local area level, based on the latest house prices and interest rates.

For cash buyers in Scottish Borders, the average was £196,000 in October 2024 (provisional), which was up from a revised figure of £185,000 a year earlier.

In October 2024, the average was £180,000 in Scotland and £276,000 in Great Britain.

Back to top

More data about Scottish Borders

Explore more local data for Scottish Borders.

More data on the housing market

This article is regularly updated with the most recent rents and house prices information. The full time series for rental prices can be found in our associated data releases. The full time series for house prices can be found in the UK House Price Index reports on gov.uk.

You can also read our most recent Private rent and house prices bulletin.

The methods used to produce the rental prices can be found in the Price Index of Private Rents Quality and Methodology Information. The methods used to produce the house prices can be found in the House Price Index Quality and Methodology Information.

Because of data collection limitations, Scotland rents data (underlying the PIPR's stock measure) are mainly for advertised new lets, which were not subject to Scotland's in-tenancy price increase cap and are not subject to temporary changes to the Rent Adjudication system. We advise users to bear this in mind when interpreting estimates for Scotland and comparing with other UK countries (see Section 9: Measuring the data).

Back to top

About this article

The content in this article is generated using semi-automated journalism, based on rules pre-programmed by Office for National Statistics (ONS) staff.

This is a new product in Beta release, intended to improve the accessibility of housing market data at local level. Send us feedback about this page or contact the Housing Market Indices team by emailing hpi@ons.gov.uk.

Articles are not available for Isles of Scilly and City of London, as the survey samples of the resident population are too small.

We will add Northern Ireland data to this tool following the release of more granular private rent price statistics for Northern Ireland, which we aim to do in March 2025.