Residential sales in Scotland in the last ten years totalled almost £150 billion, according to new figures.
A Registers of Scotland 10-year property market report showed the total value of residential sales between 2006 and 2016 was about £148.2 billion.
The research details trends in the land and property market over the decade’s peak years and in the wake of the economic downturn.
The report found there has been an increase in average house prices of 19.7% from £139,207 to £166,624.
The number of properties which sold for more than £1 million increased by 16.9% in the period.
Registers of Scotland director Kenny Crawford said: “The Scottish property market is a significant contributor to the Scottish economy.
“In 2015-16, the total value of residential sales alone was £16.7 billion.”
Bob Fraser, senior property partner at Aberdein Considine, said: “Nationally, what I would say is that while we have seen good growth since the recession, the volume of sales still hasn’t reached the levels we saw prior to the financial crisis.
“This tells me that there is still room for growth and that we will continue to see prices rise, particularly in places like Edinburgh and Glasgow.”
