National statistics

UK House Price Index Scotland: March 2022

Published 18 May 2022

1. Headline statistics for March 2022

The average price of a property in Scotland was £181,415

The annual price change of a property in Scotland was 8.0%

The monthly price change of a property in Scotland was -0.05%

The index figure for Scotland (January 2015 = 100) was 134.4

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 April 2022 UK HPI will be published at 9.30am on Wednesday 22 June 2022. See the calendar of release dates for more information.

2. Economic statement

Scotland house prices increased by 8.0% in the year to March 2022, down from an increase of 12.1% in the year to February 2022. On a non-seasonally adjusted basis, average house prices in Scotland were unchanged between February and March 2022, compared with an increase of 3.7% during the same period a year earlier (February 2021 and March 2021). On a seasonally adjusted basis, average house prices in Scotland decreased by 0.6% between February and March 2022.

Comparing the provisional volume estimate for January 2021 with the provisional estimate for January 2022, the volume of transactions decreased by 5.0% in Scotland. The UK volume of transactions decreased by 37.0% over the same period.

In Scotland, detached houses showed the largest increase out of all property types, rising by 13.3% in the year to March 2022 to £332,000. The lowest annual change of all property types was in flats and maisonettes, which increased by 3.7% in the year to March 2022 to £122,000.

House prices increased over the year in all the local authority areas. The largest growth was in Falkirk, where prices increased by 19.2% in the year to March 2022 to £162,000. The lowest annual growth for the year to March 2022 was in City of Aberdeen where average prices increased over the year by 0.1% to £143,000.

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

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In Scotland, average prices increased by 8.0% in the year to March 2022, compared with an increase of 12.1% in the year to February 2022.

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	March 2022	March 2021	Difference
Aberdeenshire	£199,789	£184,660	8.2%
Angus	£160,906	£153,141	5.1%
Argyll and Bute	£183,707	£161,182	14.0%
City of Aberdeen	£142,804	£142,608	0.1%
City of Dundee	£142,690	£137,370	3.9%
City of Edinburgh	£322,855	£285,721	13.0%
City of Glasgow	£164,253	£152,525	7.7%
Clackmannanshire	£161,115	£137,723	17.0%
Dumfries and Galloway	£158,930	£143,358	10.9%
East Ayrshire	£122,017	£105,006	16.2%
East Dunbartonshire	£253,556	£235,668	7.6%
East Lothian	£288,178	£248,479	16.0%
East Renfrewshire	£282,390	£252,465	11.9%
Falkirk	£161,602	£135,538	19.2%
Fife	£166,962	£147,602	13.1%
Highland	£202,909	£181,308	11.9%
Inverclyde	£115,536	£111,632	3.5%
Midlothian	£226,996	£198,736	14.2%
Moray	£181,221	£163,780	10.6%
Na h-Eileanan Siar	£152,593	£132,675	15.0%
North Ayrshire	£120,299	£110,596	8.8%
North Lanarkshire	£132,532	£118,508	11.8%
Orkney Islands	£182,924	£164,234	11.4%
Perth and Kinross	£231,593	£214,799	7.8%
Renfrewshire	£145,804	£132,922	9.7%
Scottish Borders	£193,061	£170,338	13.3%
Shetland Islands	£186,590	£178,935	4.3%
South Ayrshire	£162,516	£150,748	7.8%
South Lanarkshire	£158,931	£139,556	13.9%
Stirling	£225,141	£210,698	6.9%
West Dunbartonshire	£133,734	£117,752	13.6%
West Lothian	£195,055	£173,724	12.3%
Scotland	£181,415	£167,913	8.0%

Download this table’s data (CSV, 1KB)

Average price by local authority for Scotland

In March 2022, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £323,000. In contrast, the cheapest area to purchase a property was Inverclyde, where the average cost was £116,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type	March 2022	March 2021	Difference
Detached	£331,685	£292,858	13.3%
Semi-detached	£194,247	£177,291	9.6%
Terraced	£153,903	£142,179	8.2%
Flat or maisonette	£122,324	£117,946	3.7%
All	£181,415	£167,913	8.0%

Download this table’s data (CSV, 1KB)

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 2 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	January 2022	January 2021
Aberdeenshire	277	329
Angus	153	143
Argyll and Bute	109	170
City of Aberdeen	281	247
City of Dundee	199	211
City of Edinburgh	853	910
City of Glasgow	841	921
Clackmannanshire	98	80
Dumfries and Galloway	163	189
East Ayrshire	163	150
East Dunbartonshire	112	146
East Lothian	109	171
East Renfrewshire	135	154
Falkirk	183	191
Fife	482	533
Highland	277	331
Inverclyde	124	129
Midlothian	122	121
Moray	101	98
Na h-Eileanan Siar	32	24
North Ayrshire	153	192
North Lanarkshire	417	385
Orkney Islands	19	26
Perth and Kinross	220	244
Renfrewshire	284	285
Scottish Borders	135	167
Shetland Islands	27	32
South Ayrshire	158	180
South Lanarkshire	480	472
Stirling	112	147
West Dunbartonshire	119	104
West Lothian	243	271
Scotland	7,181	7,753

Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for January 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for January 2021 with the provisional estimate for January 2022, volume transactions decreased by 5.0% 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 decreased by 6.1% in Scotland in the year to January 2022.

Download this table’s data (CSV, 1KB)

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date	Sales volumes for Scotland
January 2018	6,111
January 2019	6,654
January 2020	7,022
January 2021	7,753
January 2022	7,181

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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 2 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 January 2022	Monthly change	Annual change
New build	£288,721	9.3%	24.7%
Existing resold property	£178,114	2.5%	10.0%

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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 March 2022	Monthly change	Annual change
First time buyer	£144,935	0.0%	7.1%
Former owner occupier	£219,928	-0.1%	9.0%

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7. Funding status

Cash and mortgage indicator for Scotland

Funding status	Average price March 2022	Monthly change	Annual change
Cash	£164,653	-0.2%	6.9%
Mortgage	£189,349	0.0%	8.6%

Download this chart’s data (CSV, 1KB)

8. 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.

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

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

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991