Accredited official statistics

UK House Price Index Scotland: February 2022

Published 13 April 2022

1. Headline statistics for February 2022

The average price of a property in Scotland was £180,822

The annual price change of a property in Scotland was 11.7%

The monthly price change of a property in Scotland was -1.7%

The index figure for Scotland (January 2015 = 100) was 134.0

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.

Next publication of UK HPI

The March 2022 UK HPI will be published at 9.30am on Wednesday 18 May 2022. See the calendar of release dates for more information.

2. Economic statement

Scotland house prices increased by 11.7% in the year to February 2022, up from an increase of 11.5% in the year to January 2022. Scotland house prices were growing faster than the UK annual rate of 10.9% in the year to February 2022. On a non-seasonally adjusted basis, average house prices in Scotland decreased by 1.7% between January and February 2022, compared with a decrease of 1.9% during the same period a year earlier (January and February 2021). On a seasonally adjusted basis, average house prices in Scotland increased by 0.1% between January and February 2022.

Comparing the provisional volume estimate for December 2020 with the provisional estimate for December 2021, the volume of transactions decreased by 18.1% in Scotland. The UK volume of transactions decreased by 47.1% over the same period.

In Scotland, detached houses showed the largest increase out of all property types, rising by 15.3% in the year to February 2022 to £328,000. The lowest annual change of all property types was in flats and maisonettes, which increased by 9.6% in the year to February 2022 to £125,000.

House prices increased over the year in all the local authority areas. The largest growth was in East Ayrshire (not including Na h-Eileanan Siar and Orkney Islands) where prices increased by 20.1% in the year to February 2022 to £124,000. The lowest annual growth for the year to February 2022 was in City of Aberdeen (not including Shetland Islands) where average prices increased over the year by 0.6% to £144,000.

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, average prices increased by 11.7% in the year to February 2022, compared with an increase of 11.5% in the year to January 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 February 2022 February 2021 Difference
Aberdeenshire £198,672 £180,214 10.2%
Angus £161,616 £154,049 4.9%
Argyll and Bute £180,213 £158,380 13.8%
City of Aberdeen £143,591 £142,802 0.6%
City of Dundee £140,218 £131,148 6.9%
City of Edinburgh £315,070 £281,749 11.8%
City of Glasgow £165,805 £151,459 9.5%
Clackmannanshire £152,146 £135,933 11.9%
Dumfries and Galloway £154,676 £143,217 8.0%
East Ayrshire £123,942 £103,185 20.1%
East Dunbartonshire £256,867 £229,131 12.1%
East Lothian £281,392 £249,629 12.7%
East Renfrewshire £274,223 £249,796 9.8%
Falkirk £155,723 £136,845 13.8%
Fife £166,850 £144,088 15.8%
Highland £198,289 £175,851 12.8%
Inverclyde £121,623 £105,844 14.9%
Midlothian £225,091 £198,073 13.6%
Moray £171,616 £163,949 4.7%
Na h-Eileanan Siar £155,712 £126,943 22.7%
North Ayrshire £119,526 £109,178 9.5%
North Lanarkshire £129,596 £116,176 11.6%
Orkney Islands £183,247 £151,610 20.9%
Perth and Kinross £228,763 £212,263 7.8%
Renfrewshire £147,839 £133,372 10.8%
Scottish Borders £193,133 £172,807 11.8%
Shetland Islands £172,671 £175,544 -1.6%
South Ayrshire £173,627 £148,533 16.9%
South Lanarkshire £158,546 £139,789 13.4%
Stirling £224,765 £212,315 5.9%
West Dunbartonshire £125,131 £117,397 6.6%
West Lothian £197,463 £173,045 14.1%
Scotland £180,822 £161,847 11.7%

Average price by local authority for Scotland

In February 2022, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £315,000. In contrast, the cheapest area to purchase a property was North Ayrshire, where the average cost was £120,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type February 2022 February 2021 Difference
Detached £327,827 £284,441 15.3%
Semi-detached £191,423 £169,887 12.7%
Terraced £150,719 £136,493 10.4%
Flat or maisonette £124,587 £113,711 9.6%
All £180,822 £161,847 11.7%

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 December 2021 December 2020
Aberdeenshire 403 417
Angus 194 228
Argyll and Bute 170 216
City of Aberdeen 373 372
City of Dundee 220 304
City of Edinburgh 1,012 1,217
City of Glasgow 1,014 1,341
Clackmannanshire 86 80
Dumfries and Galloway 191 322
East Ayrshire 215 232
East Dunbartonshire 120 226
East Lothian 211 253
East Renfrewshire 146 226
Falkirk 286 326
Fife 555 696
Highland 401 468
Inverclyde 114 159
Midlothian 175 258
Moray 113 204
Na h-Eileanan Siar 31 43
North Ayrshire 214 273
North Lanarkshire 469 604
Orkney Islands 39 49
Perth and Kinross 271 329
Renfrewshire 341 426
Scottish Borders 184 225
Shetland Islands 13 37
South Ayrshire 196 238
South Lanarkshire 556 737
Stirling 127 161
West Dunbartonshire 103 144
West Lothian 271 337
Scotland 8,814 11,148

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 December 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for December 2020 with the provisional estimate for December 2021, volume transactions decreased by 18.1% 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 19.1% in Scotland in the year to December 2021.

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
December 2017 8,171
December 2018 7,486
December 2019 8,072
December 2020 11,148
December 2021 8,814

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 December 2021 Monthly change Annual change
New build £265,447 -3.0% 20.7%
Existing resold property £173,962 -1.8% 8.6%

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 2022 Monthly change Annual change
First time buyer £144,469 -1.6% 10.8%
Former owner occupier £219,195 -1.8% 12.5%

7. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price February 2022 Monthly change Annual change
Cash £164,758 -1.8% 11.0%
Mortgage £188,393 -1.6% 12.1%

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