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This publication is available at https://www.gov.uk/government/publications/uk-house-price-index-scotland-february-2019/uk-house-price-index-scotland-february-2019
1. Headline statistics for February 2019
the average price of a property in Scotland was
the annual price change of a property in Scotland was
the monthly price change of a property in Scotland was
the index figure for Scotland (January 2015 = 100) was
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.
Next publication of UK HPI
The March 2019 UK HPI will be published at 9.30am on Wednesday 22 May 2019. See the calendar of release dates.
2. Economic statement
Scotland house prices fell by 0.2% in the year to February 2019, down from an increase of 2.4% in the year to January 2019. Scotland house prices fell while the UK annual rate showed an increase of 0.6% in the year to February 2019. On a non-seasonally adjusted basis average house prices in Scotland fell by 3.1% between January 2019 and February 2019, compared with a fall of 0.6% during the same period a year earlier (January 2018 and February 2018). On a seasonally adjusted basis, average house prices in Scotland fell by 1.1% between January 2019 and February 2019.
The UK Property Transaction Statistics showed that on a non-seasonally adjusted basis, in the 3 months to February 2019 the number of transactions on residential properties with a value of £40,000 or greater in Scotland was 19,540. This is down 2.0% compared with the 3 months to February 2018.
In Scotland, semi-detached and terraced houses showed an increase in average price in February 2019 when compared with the same month in the previous year, rising by 2.1% and 1.0% in the year to February 2019. The average price of flats and maisonettes and detached houses decreased in the year to February 2019, falling by 1.3% and 1.2% respectively.
House prices increased over the last year in 22 out of 32 local authority areas. The biggest price increase was in Midlothian, where prices increased by 9.9% in the year to February 2019 to £186,000. The largest decrease was recorded in City of Aberdeen, where average prices fell over the year by 7.0% to £149,000.
As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.
3. Price change
3.1 Annual price change
Annual price change for Scotland over the past 5 years
In Scotland, the average price fell by 0.2% in the year to February 2019 (down from 2.4% in the year to January 2019).
Annual price change by local authority for Scotland
Low numbers of sales transactions in some local authorities, such as Orkney Islands, Na h-Eileanan Siar and Shetland Islands, can lead to volatility in the series.
While we make efforts to account for this volatility, the change in price in these local levels can be influenced by the type and number of properties sold in any given period.
Geographies with low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements.
|Local authorities||February 2019||February 2018||Difference|
|Argyll and Bute||£141,667||£140,312||1.0%|
|City of Aberdeen||£149,435||£160,631||-7.0%|
|City of Dundee||£118,337||£117,459||0.7%|
|City of Edinburgh||£260,205||£250,962||3.7%|
|City of Glasgow||£129,126||£126,515||2.1%|
|Dumfries and Galloway||£125,218||£126,065||-0.7%|
|Na h-Eileanan Siar||£110,647||£98,147||12.7%|
|Perth and Kinross||£192,631||£177,055||8.8%|
Average price by local authority for Scotland
In February 2019, the most expensive area to live in was City of Edinburgh, where the cost of an average house was £260,000. In contrast, the cheapest area to purchase a property was East Ayrshire where an average house cost £98,000.
3.2 Average price change by property type
Average price change by property type for Scotland
|Property type||February 2019||February 2018||Difference|
|Flat or maisonette||£104,760||£106,130||-1.3%|
4. Sales volumes
The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent two months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.
Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.
4.1 Sales volumes by local authority
Sales volumes for Scotland by local authority
|Local authorities||December 2018||December 2017|
|Argyll and Bute||126||122|
|City of Aberdeen||278||329|
|City of Dundee||200||210|
|City of Edinburgh||889||1,000|
|City of Glasgow||800||922|
|Dumfries and Galloway||163||167|
|Na h-Eileanan Siar||21||27|
|Perth and Kinross||246||240|
Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.
The estimate for December 2018 is calculated based on around 85% of the final registered transactions. The number of property transactions for December 2018 will increase as more transactions are incorporated into the index.
Comparing the provisional volume estimate for December 2017 with the provisional estimate for December 2018, volume transactions fell by 8.2% in Scotland.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, volume transactions fell by 8.9% in Scotland in the year to December 2018.
4.2 Sales volumes
Sales volumes for Scotland over the past 5 years
|Date||Sales volumes for Scotland|
5. Property status
Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent two months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.
New build and existing resold property for Scotland
|Property status||Average price December 2018||Monthly change||Annual change|
|Existing resold property||£146,151||-1.3%||1.9%|
Note: since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in methods used to produce the UK HPI.
6. Buyer status
First time buyer and former owner occupier for Scotland
|Type of buyer||Average price February 2019||Monthly change||Annual change|
|First time buyer||£118,210||-3.1%||0.3%|
|Former owner occupier||£174,064||-3.1%||-0.6%|
7. Funding status
Cash and mortgage indicator for Scotland
|Funding status||Average price February 2019||Monthly change||Annual change|
8. Access the data
9. 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 HM 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.
10. Contact for Scotland queries
Ailsa Robertson, Land & Property Data Team Manager, Registers of Scotland
Telephone 0131 357 8193