Official Statistics

UK House Price Index Scotland: May 2017

Published 18 July 2017

Applies to Scotland

1. Headline Statistics in May 2017

the average price of a property in Scotland was

£143,106

the annual price change of a property in Scotland was

3.5%

the monthly price change of a property in Scotland was

0.7%

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

106.0

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

In Scotland, the average price increased by 3.5% in the year to May 2017 (down from 4.2% in the year to April 2017).

Annual price change for Scotland over the past 5 years

Annual price change by local authority for Scotland

Low numbers of sales transactions in some local authorities can lead to volatility in the series. Whilst efforts are made 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.

Local authorities May 2017 May 2016 Difference
Aberdeenshire £200,355 £195,483 2.5%
Angus £143,041 £141,452 1.1%
Argyll and Bute £131,892 £133,144 -0.9%
City of Aberdeen £164,277 £178,120 -7.8%
City of Dundee £117,087 £118,122 -0.9%
City of Edinburgh £229,357 £227,953 0.6%
City of Glasgow £119,487 £111,788 6.9%
Clackmannanshire £116,569 £107,571 8.4%
Dumfries and Galloway £115,929 £112,897 2.7%
East Ayrshire £92,467 £90,478 2.2%
East Dunbartonshire £197,510 £187,549 5.3%
East Lothian £201,421 £194,257 3.7%
East Renfrewshire £203,821 £200,793 1.5%
Falkirk £112,866 £110,133 2.5%
Fife £126,620 £123,001 2.9%
Highland £154,150 £152,866 0.8%
Inverclyde £105,555 £102,095 3.4%
Midlothian £160,831 £158,191 1.7%
Moray £149,362 £136,364 9.5%
Na h-Eileanan Siar £91,951 £112,084 -18.0%
North Ayrshire £99,964 £95,251 4.9%
North Lanarkshire £100,659 £97,683 3.0%
Orkney Islands £148,560 £118,696 25.2%
Perth and Kinross £182,254 £169,394 7.6%
Renfrewshire £113,650 £108,792 4.5%
Scottish Borders £148,417 £139,585 6.3%
Shetland Islands £141,158 £165,445 -14.7%
South Ayrshire £129,233 £122,990 5.1%
South Lanarkshire £119,592 £113,097 5.7%
Stirling £168,693 £163,085 3.4%
West Dunbartonshire £95,230 £95,162 0.1%
West Lothian £143,873 £140,516 2.4%
Scotland £143,106 £138,256 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 May 2017 May 2016 Difference
Detached £245,888 £232,058 6.0%
Semi-detached £150,057 £144,286 4.0%
Terraced £118,237 £116,339 1.6%
Flat or maisonette £103,447 £100,780 2.6%
All £143,106 £138,256 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: March 2017

Local authorities Sales volume
Aberdeenshire 399
Angus 162
Argyll and Bute 166
City of Aberdeen 377
City of Dundee 217
City of Edinburgh 1,009
City of Glasgow 1,189
Clackmannanshire 89
Dumfries and Galloway 213
East Ayrshire 207
East Dunbartonshire 176
East Lothian 185
East Renfrewshire 161
Falkirk 297
Fife 633
Highland 365
Inverclyde 123
Midlothian 163
Moray 150
Na h-Eileanan Siar 40
North Ayrshire 195
North Lanarkshire 481
Orkney Islands 30
Perth and Kinross 260
Renfrewshire 329
Scottish Borders 192
Shetland Islands 23
South Ayrshire 179
South Lanarkshire 595
Stirling 145
West Dunbartonshire 115
West Lothian 279
Scotland 9,144

3.2 Sales volumes: March 2017

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
March 2013 6348
March 2014 6938
March 2015 7576
March 2016 11017
March 2017 9144

4. Building status

New build and existing resold property for Scotland

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

Property status Average price Monthly change Annual change
New build £207,509 0.4% 8.7%
Existing resold property £140,503 0.7% 3.3%

5. Buyer status

First time buyer and former owner occupier for Scotland

Type of buyer Average price Monthly change Annual change
First time buyer £115,571 0.8% 2.0%
Former owner occupier £171,579 0.6% 4.7%

6. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price Monthly change Annual change
Cash £134,011 0.3% 5.2%
Mortgage £148,034 0.7% 3.3%

7. Access the data

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

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

8. 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.

9. Contact

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

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991