Accredited official statistics

UK House Price Index Scotland: November 2021

Published 19 January 2022

1. Headline statistics for November 2021

The average price of a property in Scotland was £182,755

The annual price change of a property in Scotland was 11.4%

The monthly price change of a property in Scotland was 1.0%

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 December 2021 UK HPI will be published at 9.30am on Wednesday 16 February 2022. See the calendar of release dates for more information.

2. Economic statement

Scotland house prices increased by 11.4% in the year to November 2021, up from an increase of 11.0% in year to October 2021. Scotland house prices were growing faster than the UK annual rate of 10.0% in the year to November 2021. On a non-seasonally adjusted basis average house prices in Scotland increased by 1.0% between October and November 2021, compared with an increase of 0.6% during the same period a year earlier (October and November 2020). On a seasonally adjusted basis, average house prices in Scotland increased by 1.2% between October and November 2021.

Comparing the provisional volume estimate for September 2020 with the provisional estimate for September 2021, volume transactions decreased by 9.0% in Scotland. UK volume transactions decreased by 19.8% over the same period.

In Scotland, detached houses showed the biggest increase out of all property types, rising by 15.7% in the year to November 2021 to £329,000. The lowest annual change of all property types was in flats and maisonettes, up by 7.7% in the year to November 2021 to £126,000.

House prices increased over the year in all the local authority areas. The largest growth was in Argyll and Bute where prices increased by 18.6% in the year to November 2021 to £182,000. The lowest annual growth for the year ending November 2021 was recorded in Angus (not including Na h-Eileanan Siar) where average prices increased over the year by 6.4% to £164,000.

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 11.4% in the year to November 2021, compared with an increase of 11.0% in the year to October 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 November 2021 November 2020 Difference
Aberdeenshire £198,400 £183,476 8.1%
Angus £163,778 £153,989 6.4%
Argyll and Bute £181,701 £153,210 18.6%
City of Aberdeen £149,464 £138,723 7.7%
City of Dundee £145,174 £130,900 10.9%
City of Edinburgh £316,864 £283,266 11.9%
City of Glasgow £164,382 £149,927 9.6%
Clackmannanshire £160,730 £137,906 16.6%
Dumfries and Galloway £153,624 £137,903 11.4%
East Ayrshire £118,556 £109,925 7.9%
East Dunbartonshire £252,882 £225,773 12.0%
East Lothian £280,630 £252,756 11.0%
East Renfrewshire £266,469 £244,285 9.1%
Falkirk £154,156 £140,121 10.0%
Fife £166,333 £144,103 15.4%
Highland £196,619 £172,245 14.2%
Inverclyde £123,587 £111,242 11.1%
Midlothian £225,070 £196,791 14.4%
Moray £175,955 £159,100 10.6%
Na h-Eileanan Siar £132,436 £131,906 0.4%
North Ayrshire £122,741 £113,919 7.7%
North Lanarkshire £128,856 £115,109 11.9%
Orkney Islands £181,261 £166,872 8.6%
Perth and Kinross £230,370 £206,483 11.6%
Renfrewshire £148,494 £133,624 11.1%
Scottish Borders £189,995 £171,165 11.0%
Shetland Islands £182,187 £163,015 11.8%
South Ayrshire £165,369 £150,466 9.9%
South Lanarkshire £159,380 £138,559 15.0%
Stirling £240,136 £209,347 14.7%
West Dunbartonshire £131,915 £116,416 13.3%
West Lothian £196,303 £169,628 15.7%
Scotland £182,755 £164,032 11.4%

Average price by local authority for Scotland

In November 2021, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £317,000. In contrast, the cheapest area to purchase a property was East Ayrshire, where the average cost was £119,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type November 2021 November 2020 Difference
Detached £328,504 £283,966 15.7%
Semi-detached £194,369 £171,311 13.5%
Terraced £152,636 £137,593 10.9%
Flat or maisonette £126,255 £117,185 7.7%
All £182,755 £164,032 11.4%

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 September 2021 September 2020
Aberdeenshire 459 459
Angus 221 254
Argyll and Bute 198 215
City of Aberdeen 393 366
City of Dundee 236 327
City of Edinburgh 994 1,095
City of Glasgow 1,045 1,073
Clackmannanshire 74 105
Dumfries and Galloway 250 258
East Ayrshire 227 234
East Dunbartonshire 182 214
East Lothian 178 256
East Renfrewshire 166 191
Falkirk 257 330
Fife 577 681
Highland 398 456
Inverclyde 109 137
Midlothian 150 195
Moray 148 174
Na h-Eileanan Siar 36 28
North Ayrshire 213 273
North Lanarkshire 508 575
Orkney Islands 40 42
Perth and Kinross 309 332
Renfrewshire 336 385
Scottish Borders 216 240
Shetland Islands 21 21
South Ayrshire 171 268
South Lanarkshire 575 725
Stirling 170 173
West Dunbartonshire 127 169
West Lothian 266 368
Scotland 9,250 10,619

Note: The number of property transactions for September 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for September 2020 with the provisional estimate for September 2021, volume transactions decreased by 9.0% 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 10.0% in Scotland in the year to September 2021.

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
September 2017 9,603
September 2018 8,601
September 2019 8,826
September 2020 10,619
September 2021 9,250

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 September 2021 Monthly change Annual change
New build £274,596 0.1% 25.1%
Existing resold property £175,266 0.0% 10.8%

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 November 2021 Monthly change Annual change
First time buyer £146,467 1.0% 10.6%
Former owner occupier £220,899 1.0% 12.2%

7. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price November 2021 Monthly change Annual change
Cash £167,308 1.2% 10.6%
Mortgage £189,992 0.9% 11.8%

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