Accredited official statistics

UK House Price Index Scotland: July 2022

Published 14 September 2022

1. Headline statistics for July 2022

The average price of a property in Scotland was £192,966

The annual price change of a property in Scotland was 9.9%

The monthly price change of a property in Scotland was 0.6%

The index figure for Scotland (January 2015 = 100) was 143.0

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 August 2022 UK HPI will be published at 9.30am on Wednesday 19 October 2022. See the calendar of release dates for more information.

2. Economic statement

Scotland house prices increased by 9.9% in the year to July 2022, down from an increase of 11.4% in the year to June 2022. On a non-seasonally adjusted basis, average house prices in Scotland increased by 0.6% between June and July 2022, compared with an increase of 1.9% during the same period a year earlier (June 2021 and July 2021). On a seasonally adjusted basis, average house prices in Scotland increased by 0.3% between June and July 2022.

Comparing the provisional volume estimate for May 2021 with the provisional estimate for May 2022, the volume of transactions decreased by 0.6% in Scotland. The UK volume of transactions increased by 34.5% over the same period.

In Scotland, terraced houses showed the largest increase out of all property types, rising by 11.0% in the year to July 2022 to £164,000. The lowest annual change of all property types was in flats and maisonettes, which increased by 8.0% in the year to July 2022 to £132,000.

The largest growth was in East Ayrshire, where prices increased by 19.8% in the year to July 2022 to £129,000. The lowest annual growth for the year to July 2022 was in City of Aberdeen where average prices increased over the year by 0.8% to £149,000.

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 9.9% in the year to July 2022, down from an increase of 11.4% in the year to June 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 July 2022 July 2021 Difference
Aberdeenshire £203,981 £192,388 6.0%
Angus £174,958 £157,190 11.3%
Argyll and Bute £196,135 £164,462 19.3%
City of Aberdeen £148,896 £147,641 0.8%
City of Dundee £153,399 £139,179 10.2%
City of Edinburgh £328,808 £305,995 7.5%
City of Glasgow £175,263 £157,770 11.1%
Clackmannanshire £168,895 £150,964 11.9%
Dumfries and Galloway £165,012 £144,075 14.5%
East Ayrshire £128,701 £107,417 19.8%
East Dunbartonshire £269,476 £236,236 14.1%
East Lothian £306,467 £272,892 12.3%
East Renfrewshire £295,374 £255,791 15.5%
Falkirk £165,978 £145,915 13.7%
Fife £168,599 £154,948 8.8%
Highland £201,686 £183,957 9.6%
Inverclyde £124,516 £118,387 5.2%
Midlothian £232,850 £212,862 9.4%
Moray £190,875 £167,095 14.2%
Na h-Eileanan Siar £147,596 £131,854 11.9%
North Ayrshire £133,028 £115,080 15.6%
North Lanarkshire £142,186 £125,687 13.1%
Orkney Islands £222,241 £175,181 26.9%
Perth and Kinross £240,865 £217,002 11.0%
Renfrewshire £156,991 £141,430 11.0%
Scottish Borders £195,746 £182,486 7.3%
Shetland Islands £195,985 £173,535 12.9%
South Ayrshire £170,908 £153,779 11.1%
South Lanarkshire £166,465 £147,280 13.0%
Stirling £250,316 £218,105 14.8%
West Dunbartonshire £144,686 £124,251 16.4%
West Lothian £207,756 £182,643 13.8%
Scotland £192,966 £175,659 9.9%

Average price by local authority for Scotland

In July 2022, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £329,000. In contrast, the cheapest area to purchase a property was Inverclyde, where the average cost was £125,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type July 2022 July 2021 Difference
Detached £343,835 £309,928 10.9%
Semi-detached £206,060 £186,046 10.8%
Terraced £164,153 £147,952 11.0%
Flat or maisonette £132,386 £122,586 8.0%
All £192,966 £175,659 9.9%

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 May 2022 May 2021
Aberdeenshire 369 488
Angus 169 212
Argyll and Bute 142 141
City of Aberdeen 383 384
City of Dundee 236 288
City of Edinburgh 916 966
City of Glasgow 911 1,001
Clackmannanshire 70 71
Dumfries and Galloway 174 220
East Ayrshire 206 178
East Dunbartonshire 118 143
East Lothian 160 185
East Renfrewshire 172 150
Falkirk 259 247
Fife 574 555
Highland 337 351
Inverclyde 123 128
Midlothian 168 160
Moray 136 143
Na h-Eileanan Siar 21 39
North Ayrshire 233 212
North Lanarkshire 469 435
Orkney Islands 13 30
Perth and Kinross 231 268
Renfrewshire 312 307
Scottish Borders 192 182
Shetland Islands 19 19
South Ayrshire 177 195
South Lanarkshire 559 562
Stirling 125 133
West Dunbartonshire 96 135
West Lothian 255 224
Scotland 8,325 8,752

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 May 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for May 2021 with the provisional estimate for May 2022, volume transactions decreased by 0.6% 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 1.0% in Scotland in the year to May 2022.

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
May 2018 8,135
May 2019 9,695
May 2020 3,336
May 2021 8,752
May 2022 8,325

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 May 2022 Monthly change Annual change
New build £290,784 1.6% 22.8%
Existing resold property £182,557 1.6% 10.3%

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 July 2022 Monthly change Annual change
First time buyer £154,798 1.4% 9.6%
Former owner occupier £233,072 -0.2% 10.1%

7. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price July 2022 Monthly change Annual change
Cash £176,099 1.0% 9.7%
Mortgage £200,898 0.4% 9.9%

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