Official Statistics

UK House Price Index Scotland: December 2016

Published 14 February 2017

Applies to Scotland

1. Headline Statistics in December 2016:

the average price of a property in Scotland was

£141,553

the annual price change of a property in Scotland was

3.5%

the monthly price change of a property in Scotland was

-0.2%

the index figure for Scotland (January 2015 = 100) was

104.9

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read the revision policies.

2. Price change

2.1 Annual price change

Annual price change for Scotland over the past 5 years

Annual price change for Scotland over the past 5 years

Annual price change by local authority for Scotland

Local authorities December 2016 December 2015 Difference
Aberdeenshire £191,467 £198,369 -3.5%
Angus £144,242 £139,983 3.0%
Argyll and Bute £131,497 £128,815 2.1%
City of Aberdeen £167,608 £185,848 -9.8%
City of Dundee £122,100 £118,974 2.6%
City of Edinburgh £228,009 £229,377 -0.6%
City of Glasgow £120,286 £115,263 4.4%
Clackmannanshire £116,476 £111,581 4.4%
Dumfries and Galloway £121,104 £116,907 3.6%
East Ayrshire £95,016 £91,969 3.3%
East Dunbartonshire £199,147 £182,140 9.3%
East Lothian £200,199 £194,651 2.8%
East Renfrewshire £220,072 £190,683 15.4%
Falkirk £114,684 £108,588 5.6%
Fife £127,032 £121,663 4.4%
Highland £151,907 £148,265 2.5%
Inverclyde £94,965 £102,803 -7.6%
Midlothian £160,694 £161,458 -0.5%
Moray £149,195 £135,883 9.8%
Na h-Eileanan Siar £104,262 £96,801 7.7%
North Ayrshire £98,813 £100,866 -2.0%
North Lanarkshire £100,785 £94,953 6.1%
Orkney Islands £126,244 £118,866 6.2%
Perth and Kinross £176,808 £169,530 4.3%
Renfrewshire £114,262 £111,384 2.6%
Scottish Borders £148,680 £144,057 3.2%
Shetland Islands £178,947 £141,930 26.1%
South Ayrshire £127,365 £124,822 2.0%
South Lanarkshire £118,123 £111,815 5.6%
Stirling £175,560 £162,878 7.8%
West Dunbartonshire £96,646 £96,947 -0.3%
West Lothian £145,083 £140,350 3.4%
Scotland £141,553 £136,702 3.5%

Average price by local authority for Scotland

Average price by local authority for Scotland

2.2 Average price change by property type

Average price change by property type for Scotland

Property type December 2016 December 2015 Difference
Detached £244,600 £237,711 2.9%
Semi-detached £149,791 £141,464 5.9%
Terraced £117,587 £113,849 3.3%
Flat or maisonette £100,839 £98,152 2.7%
All £141,553 £136,702 3.5%

3. Sales volumes

Due to a period of 2 to 8 weeks between completion and registration of sales, volume figures for the most recent two months are not yet complete, so they are not included in the report.

3.1 Sales volumes by local authority

Sales volumes for Scotland by local authority: October 2016

Local authorities Sales volume
Aberdeenshire 315
Angus 159
Argyll and Bute 155
City of Aberdeen 283
City of Dundee 216
City of Edinburgh 891
City of Glasgow 973
Clackmannanshire 78
Dumfries and Galloway 181
East Ayrshire 202
East Dunbartonshire 166
East Lothian 162
East Renfrewshire 157
Falkirk 257
Fife 588
Highland 413
Inverclyde 99
Midlothian 171
Moray 138
Na h-Eileanan Siar 23
North Ayrshire 177
North Lanarkshire 471
Orkney Islands 37
Perth and Kinross 233
Renfrewshire 322
Scottish Borders 182
Shetland Islands 21
South Ayrshire 188
South Lanarkshire 556
Stirling 140
West Dunbartonshire 110
West Lothian 265
Scotland 8,329

3.2 Sales volumes: October 2016

Sales volumes for Scotland over the past 5 years

Sales volumes for Scotland over the past 5 years

4. Building status

New build and existing resold property for Scotland

Property status Average price Monthly change Annual change
New build £223,395 10.3% 21.7%
Existing resold property £138,381 -0.7% 2.7%

Note: the first estimate for new build is based on a small sample which can cause volatility in this initial estimate.

5. Buyer status

First time buyer and former owner occupier for Scotland

Type of buyer Average price Monthly change Annual change
First time buyer £114,716 -0.4% 3.8%
Former owner occupier £169,287 -0.1% 3.3%

6. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price Monthly change Annual change
Cash £130,211 -0.7% 3.7%
Mortgage £146,805 0.0% 3.5%

7. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

8. Access the data

Download the data as CSV files or access it with our UK HPI tool.

9. Contact

Anne MacDonald, Land & Property Data Team, Registers of Scotland

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991