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Published: 24/07/2025
Scottish social housing tender prices decline for third consecutive quarter
After two quarters of growth in early 2024, tender prices for social housing in Scotland have now declined for three consecutive quarters, extending into the first quarter of 2025.
The Scottish Social Housing Tender Price Index (SSHTPI) shows tender prices decreased by 1.8% in 1Q2025 compared with 4Q2024, and were 5.8% lower than 1Q2024.
BCIS chief economist Dr David Crosthwaite said: ‘This trend mirrors a broader slowdown in housing activity. Scottish housing output has been on a downward trajectory since 3Q2024, with output in 1Q2025 down 10.4% on the quarter and 12.5% on the year. Across Great Britain as a whole, housing output fell by 9.6% over the quarter and 0.5% over the year to 1Q2025.
‘Underlying construction costs continue to edge upward despite falling tender prices. The BCIS General Building Cost Index (GBCI) rose by 0.4% on the quarter and 2.4% on the year to 1Q2025, while inflation as measured by the Consumer Prices Index (CPI) increased by 2.8% over the year.’
Source: Scottish Government
The SSHTPI is prepared by the Building Cost Information Service (BCIS) for the Scottish Government’s More Homes Division.
Further details are available at https://www.gov.scot/collections/scottish-social-housing-tender-price-index-reports/
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Note: Both 4Q2024 and 1Q2025 SSHTPI figures remain provisional and are subject to revision.
