Scotland has been the strongest performing prime market in 2025 and is the only part of the UK where values have held steady in 2025, according to Savills research.
This growth has been largely driven by the Edinburgh City market, which was the strongest regional market this year (2.1% growth on the year).
“Despite its stronger performance, buyers of prime properties are likely to remain cautious until after the Scotland Budget in January with speculation that the Government will follow suit with additional taxes on more expensive properties. Prices across Prime Scotland have held steady in 2025 but the prime Edinburgh City market has outperformed mainly due to constrained supply and a reduction in the level of available stock,” comments Faisal Choudhry, director of residential research at Savills
“Looking ahead, the prime Scotland market will maintain strong fundamentals, with well-presented and competitively priced properties attracting appealing offers. Following the Budget, with the benefit of more clarity, the market should move forward in the main, spring selling season.”
The Country House market – which experienced some of the most significant price falls this year – has also seen the pace of price declines ease in the final quarter as buyers have become more confidence in cashing in on the value on offer, post Budget.
Prices fell by -0.6% over the past three months, which is a marked improvement on Q3 (-2.8%) and Q2 (-4.2%), signalling that this market is starting to bottom out.
“The country house market has seen some of the most improved activity post-Budget after a very subdued year. But despite falls easing, values remain -8.2% lower than the same time last year, meaning that there is notable value on offer,” comments Frances McDonald, director of research at Savills.
“In 2026, we expect seasonal patterns to dictate activity less than they usually would, and the market is unlikely to wait until Spring to pick back up.
“Activity should be broadly calmer and more predictable next year. A steadier mortgage market, quick to price in expected base-rate cuts, will offer support. However, economic uncertainty and new property tax thresholds are likely to keep short-term price growth in check. As a result, pragmatism will be key to securing a successful sale at the top end of the market.”