Accredited official statistics

UK House Price Index Scotland: January 2022

Published 23 March 2022

1. Headline statistics for January 2022

The average price of a property in Scotland was £182,786

The annual price change of a property in Scotland was 10.8%

The monthly price change of a property in Scotland was 2.2%

The index figure for Scotland (January 2015 = 100) was 135.4

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 February 2022 UK HPI will be published at 9.30am on Wednesday 13 April 2022. See the calendar of release dates for more information.

2. Economic statement

Scotland house prices increased by 10.8% in the year to January 2022, up from an increase of 10.2% in year to December 2021. Scotland house prices were growing faster than the UK annual rate of 9.6% in the year to January 2022. On a non-seasonally adjusted basis, average house prices in Scotland increased by 2.2% between December 2021 and January 2022, compared with an increase of 1.6% during the same period a year earlier (December 2020 and January 2021). On a seasonally adjusted basis, average house prices in Scotland increased by 1.0% between December 2021 and January 2022.

Comparing the provisional volume estimate for November 2020 with the provisional estimate for November 2021, the volume of transactions decreased by 20.1% in Scotland. The UK volume of transactions decreased by 44.4% over the same period.

In Scotland, detached houses showed the largest increase out of all property types, rising by 14.9% in the year to January 2022 to £329,000. The lowest annual change of all property types was in flats and maisonettes, which increased by 7.3% in the year to January 2022 to £126,000.

House prices increased over the year in all the local authority areas. The largest growth was in West Lothian (not including Orkney Islands), where prices increased by 17.2% in the year to January 2022 to £203,000. The lowest annual growth for the year to January 2022 was in City of Aberdeen, where average prices increased over the year by 0.4% to £145,000.

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 10.8% in the year to January 2022, compared with an increase of 10.2% in the year to December 2021.

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 January 2022 January 2021 Difference
Aberdeenshire £198,880 £179,924 10.5%
Angus £165,962 £151,926 9.2%
Argyll and Bute £185,325 £161,477 14.8%
City of Aberdeen £145,499 £144,985 0.4%
City of Dundee £143,019 £131,997 8.4%
City of Edinburgh £310,281 £282,594 9.8%
City of Glasgow £166,061 £152,480 8.9%
Clackmannanshire £154,073 £138,168 11.5%
Dumfries and Galloway £155,679 £142,744 9.1%
East Ayrshire £122,405 £105,980 15.5%
East Dunbartonshire £253,947 £227,607 11.6%
East Lothian £280,068 £252,362 11.0%
East Renfrewshire £272,600 £247,627 10.1%
Falkirk £149,446 £140,192 6.6%
Fife £168,884 £144,601 16.8%
Highland £201,733 £174,662 15.5%
Inverclyde £122,975 £108,661 13.2%
Midlothian £223,132 £197,360 13.1%
Moray £172,532 £161,083 7.1%
Na h-Eileanan Siar £153,928 £134,034 14.8%
North Ayrshire £122,898 £112,430 9.3%
North Lanarkshire £130,217 £116,021 12.2%
Orkney Islands £191,223 £160,226 19.3%
Perth and Kinross £230,490 £209,127 10.2%
Renfrewshire £149,396 £135,859 10.0%
Scottish Borders £194,359 £174,012 11.7%
Shetland Islands £165,131 £159,468 3.6%
South Ayrshire £163,929 £149,697 9.5%
South Lanarkshire £158,369 £139,579 13.5%
Stirling £237,348 £214,494 10.7%
West Dunbartonshire £125,455 £117,871 6.4%
West Lothian £202,668 £172,896 17.2%
Scotland £182,786 £164,940 10.8%

Average price by local authority for Scotland

In January 2022 the most expensive area to purchase a property was City of Edinburgh, where the average cost was £310,000. In contrast, the cheapest area to purchase a property was East Ayrshire, where the average cost was £122,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type January 2022 January 2021 Difference
Detached £329,106 £286,312 14.9%
Semi-detached £193,988 £172,647 12.4%
Terraced £153,133 £138,323 10.7%
Flat or maisonette £126,026 £117,490 7.3%
All £182,786 £164,940 10.8%

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 November 2021 November 2020
Aberdeenshire 454 536
Angus 218 264
Argyll and Bute 158 240
City of Aberdeen 400 415
City of Dundee 263 331
City of Edinburgh 1,074 1,255
City of Glasgow 1,045 1,386
Clackmannanshire 84 102
Dumfries and Galloway 226 292
East Ayrshire 192 272
East Dunbartonshire 129 265
East Lothian 191 283
East Renfrewshire 158 198
Falkirk 279 389
Fife 632 853
Highland 410 541
Inverclyde 120 189
Midlothian 164 216
Moray 149 222
Na h-Eileanan Siar 41 36
North Ayrshire 230 326
North Lanarkshire 494 683
Orkney Islands 26 49
Perth and Kinross 273 371
Renfrewshire 353 479
Scottish Borders 227 272
Shetland Islands 30 36
South Ayrshire 216 274
South Lanarkshire 651 835
Stirling 166 213
West Dunbartonshire 118 180
West Lothian 286 442
Scotland 9,457 12,445

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

Comparing the provisional volume estimate for November 2020 with the provisional estimate for November 2021, volume transactions decreased by 20.1% 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 22.5% in Scotland in the year to November 2021.

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
November 2017 8,711
November 2018 10,102
November 2019 9,990
November 2020 12,445
November 2021 9,457

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 November 2021 Monthly change Annual change
New build £283,378 5.1% 28.6%
Existing resold property £177,522 1.1% 9.6%

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 January 2022 Monthly change Annual change
First time buyer £146,197 2.1% 9.8%
Former owner occupier £221,341 2.3% 11.8%

7. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price January 2022 Monthly change Annual change
Cash £167,180 2.5% 10.0%
Mortgage £190,107 2.1% 11.2%

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