UK House Price Index Scotland: July 2017
Published 12 September 2017
Applies to Scotland
© Crown copyright 2017
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This publication is available at https://www.gov.uk/government/statistics/uk-house-price-index-scotland-july-2017/uk-house-price-index-scotland-july-2017
1. Headline statistics in July 2017
the average price of a property in Scotland was
£149,185
the annual price change of a property in Scotland was
4.8%
the monthly price change of a property in Scotland was
2.8%
the index figure for Scotland (January 2015 = 100) was
110.5
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 4.8% in the year to July 2017 (up from 3.5% in the year to June 2017).
Annual price change by local authority for Scotland
Low numbers of sales transactions in some local authorities can lead to volatility in the series. While 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 | July 2017 | July 2016 | Difference |
|---|---|---|---|
| Aberdeenshire | £200,092 | £199,391 | 0.4% |
| Angus | £149,567 | £139,075 | 7.5% |
| Argyll and Bute | £133,188 | £132,316 | 0.7% |
| City of Aberdeen | £166,836 | £180,687 | -7.7% |
| City of Dundee | £121,184 | £119,018 | 1.8% |
| City of Edinburgh | £243,920 | £222,506 | 9.6% |
| City of Glasgow | £125,060 | £117,634 | 6.3% |
| Clackmannanshire | £121,621 | £115,481 | 5.3% |
| Dumfries and Galloway | £124,840 | £116,201 | 7.4% |
| East Ayrshire | £97,248 | £92,109 | 5.6% |
| East Dunbartonshire | £200,792 | £198,419 | 1.2% |
| East Lothian | £208,446 | £202,502 | 2.9% |
| East Renfrewshire | £220,954 | £213,994 | 3.3% |
| Falkirk | £116,259 | £112,904 | 3.0% |
| Fife | £129,530 | £123,260 | 5.1% |
| Highland | £157,643 | £151,887 | 3.8% |
| Inverclyde | £106,620 | £103,748 | 2.8% |
| Midlothian | £166,522 | £160,689 | 3.6% |
| Moray | £150,393 | £140,261 | 7.2% |
| Na h-Eileanan Siar | £99,628 | £104,421 | -4.6% |
| North Ayrshire | £103,621 | £99,137 | 4.5% |
| North Lanarkshire | £104,961 | £100,528 | 4.4% |
| Orkney Islands | £142,221 | £124,499 | 14.2% |
| Perth and Kinross | £179,614 | £174,680 | 2.8% |
| Renfrewshire | £120,187 | £114,767 | 4.7% |
| Scottish Borders | £152,399 | £147,482 | 3.3% |
| Shetland Islands | £162,534 | £157,801 | 3.0% |
| South Ayrshire | £133,560 | £125,622 | 6.3% |
| South Lanarkshire | £122,942 | £117,831 | 4.3% |
| Stirling | £183,515 | £174,623 | 5.1% |
| West Dunbartonshire | £99,447 | £97,169 | 2.3% |
| West Lothian | £147,357 | £143,548 | 2.7% |
| Scotland | £149,185 | £142,294 | 4.8% |
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 | July 2017 | July 2016 | Difference |
|---|---|---|---|
| Detached | £255,993 | £242,474 | 5.6% |
| Semi-detached | £154,149 | £147,977 | 4.2% |
| Terraced | £123,835 | £119,215 | 3.9% |
| Flat or maisonette | £108,404 | £103,047 | 5.2% |
| All | £149,185 | £142,294 | 4.8% |
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
| Local authorities | May 2017 | May 2016 | Difference |
|---|---|---|---|
| Aberdeenshire | 308 | 277 | 11.2% |
| Angus | 172 | 137 | 25.5% |
| Argyll and Bute | 132 | 108 | 22.2% |
| City of Aberdeen | 336 | 288 | 16.7% |
| City of Dundee | 187 | 212 | -11.8% |
| City of Edinburgh | 1,094 | 896 | 22.1% |
| City of Glasgow | 899 | 830 | 8.3% |
| Clackmannanshire | 62 | 72 | -13.9% |
| Dumfries and Galloway | 182 | 151 | 20.5% |
| East Ayrshire | 205 | 157 | 30.6% |
| East Dunbartonshire | 151 | 141 | 7.1% |
| East Lothian | 182 | 131 | 38.9% |
| East Renfrewshire | 149 | 124 | 20.2% |
| Falkirk | 229 | 185 | 23.8% |
| Fife | 565 | 509 | 11.0% |
| Highland | 393 | 324 | 21.3% |
| Inverclyde | 92 | 89 | 3.4% |
| Midlothian | 134 | 158 | -15.2% |
| Moray | 153 | 128 | 19.5% |
| Na h-Eileanan Siar | 25 | 34 | -26.5% |
| North Ayrshire | 177 | 157 | 12.7% |
| North Lanarkshire | 396 | 409 | -3.2% |
| Orkney Islands | 33 | 25 | 32.0% |
| Perth and Kinross | 261 | 196 | 33.2% |
| Renfrewshire | 343 | 270 | 27.0% |
| Scottish Borders | 161 | 138 | 16.7% |
| Shetland Islands | 26 | 22 | 18.2% |
| South Ayrshire | 175 | 199 | -12.1% |
| South Lanarkshire | 506 | 432 | 17.1% |
| Stirling | 123 | 112 | 9.8% |
| West Dunbartonshire | 119 | 87 | 36.8% |
| West Lothian | 271 | 250 | 8.4% |
| Scotland | 8,241 | 7,248 | 13.7% |
3.2 Sales volumes: May 2017
Sales volumes for Scotland over the past 5 years
| Date | Sales volumes for Scotland |
|---|---|
| May 2013 | 7,704 |
| May 2014 | 8,925 |
| May 2015 | 8,569 |
| May 2016 | 7,248 |
| May 2017 | 8,241 |
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 | £222,958 | 0.3% | 17.6% |
| Existing resold property | £146,262 | 2.9% | 4.3% |
5. Buyer status
First time buyer and former owner occupier for Scotland
| Type of buyer | Average price | Monthly change | Annual change |
|---|---|---|---|
| First time buyer | £120,630 | 3.1% | 4.1% |
| Former owner occupier | £178,766 | 2.6% | 5.5% |
6. Funding status
Cash and mortgage indicator for Scotland
| Funding status | Average price | Monthly change | Annual change |
|---|---|---|---|
| Cash | £141,044 | 1.6% | 7.3% |
| Mortgage | £154,224 | 2.8% | 4.7% |
An error has been identified with the cash and mortgage weights for Scotland for the year 2017, which is likely to affect the index values and average prices presented for these figures. Revised and corrected figures based on a correct set of weights will be provided in the next set of results. Note that this issue affects only the cash and mortgage figures for Scotland, and all other figures are unaffected.
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