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Housing prices in Scottish Borders

How average house prices and rents are changing in Scottish Borders.

In Scottish Borders:

House price £203,000

The average house price in Scottish Borders was £203,000 in March 2024 (provisional), up 5.1% from March 2023. This was lower than the rise in Scotland (6.7%) over the same period.

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Monthly rent £648

Rent data for Scottish areas are for 'broad rental market areas'. Scottish Borders is in the rental area of Scottish Borders.

Private rent prices rose to an average of £648 in April 2024, an annual increase of 4.2% from £622 in April 2023. This was lower than the rise in Scotland (10.0%) over the year.

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First-time buyers £158,000

The average price paid by first-time buyers was £158,000 in March 2024 (provisional). This was 4.6% higher than the average of £151,000 in March 2023 (revised).

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Mortgage buyers £211,000

For homes bought with a mortgage, the average house price was £211,000 in March 2024 (provisional). This was 5.2% higher than the average of £201,000 in March 2023 (revised).

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Warning:

Local housing data are based on a smaller number of properties than our national estimates. This means that short-term trends are more variable. We advise looking at trends over a year or longer.

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 £203,000 in March 2024

The provisional average house price in Scottish Borders in March 2024 was £203,000. This was higher than the average of £193,000 in March 2023 (revised), a 5.1% rise.

Annual change in house prices in Scottish Borders

House price annual inflation, Scottish Borders, January 2005 to March 2024

Across Scotland, the average house price in March 2024 was £192,000, which was more than a year earlier (£180,000).

Across Great Britain, a home sold for an average of £286,000 in March 2024, which was up slightly from the March 2023 average of £281,000.

In the year to March 2024, the average price for semi-detached properties in Scottish Borders rose by 6.3%, while the average price for flats increased by 3.2%.

Change in house price by type of property in Scottish Borders

Provisional figure for 12-month change in house price, by property type, March 2024

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

  • Detached properties: £348,000
  • Semi-detached properties: £211,000
  • Terraced properties: £173,000
  • Flats and maisonettes: £111,000

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 £648 a month in April 2024. This was an increase from £622 in April 2023, a 4.2% rise.

Annual change in rents in Scottish Borders

Private rental price annual inflation, Scottish Borders, January 2016 to April 2024

Across Scotland, the average monthly rent was £952, up from £865 a year earlier.

Across Great Britain, the average rent price in April 2024 was £1,254, which was up from £1,151 in April 2023.

In Scottish Borders, average rents on detached properties rose by 6.6%, while for terraced properties, the average increased by 3.1%.

For four-or-more bed properties, average rents rose by 5.3%, while the average for one bed properties increased by 2.9%.

Change in average rents by bedroom number in Scottish Borders

Monthly private rental price, annual inflation, April 2024

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

  • One bedroom: £423
  • Two bedrooms: £574
  • Three bedrooms: £757
  • Four or more bedrooms: £1,299

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

  • Flats and maisonettes: £516
  • Terraced properties: £672
  • Semi-detached properties: £728
  • Detached properties: £965

First-time buyers in Scottish Borders paid £158,000 on average in March 2024

The provisional average price paid by first-time buyers was £158,000 in March 2024. This was higher than the revised March 2023 average of £151,000.

First-time buyer house price in Scottish Borders compared with Scotland

Average house price for first-time buyers in March 2024

In comparison, home-movers in Scottish Borders paid an average of £240,000 in March 2024. This was higher than £227,000 a year earlier.

In March 2024, the average price was £232,000 in Scotland and £329,000 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.

Average house price for mortgage buyers rose in Scottish Borders

The average price of a home bought with a mortgage in Scottish Borders was £211,000 in March 2024 (provisional). This was higher than an average of £201,000 in March 2023 (revised).

Across Scotland, the average price of a home bought with a mortgage was £200,000, up from £186,000 a year earlier.

Across Great Britain, the average price for buying with a mortage in March 2024 was £294,000, which was up slightly from an average of £289,000 in March 2023.

Price paid when buying with a mortgage or cash in Scottish Borders

Average house price in March 2024

For cash buyers in Scottish Borders, the average was £193,000 in March 2024 (provisional), which was up from a revised figure of £184,000 a year earlier.

In March 2024, the average was £174,000 in Scotland and £268,000 in Great Britain.

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).

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 analysis 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.

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