The average house price in Scotland has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In June 2024, the index reached 142.6, suggesting a house price growth of 4.3 percent since June 2023 and nearly 43 percent since 2015. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

The average house price in the increased by 2.7 percent year-on-year in June 2024, according to the monthly house price index. The index is calculated using data on housing transactions and measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In June 2024, the index reached 151 index points, meaning that house prices have grown by over 51 percent since 2015. The house price index is an important measure for the residential real estate market. It is used to show changes in the value of residential properties in England, Scotland, Wales and Northern Ireland. This upwards trend in house price index, and therefore the value of residential properties, has also been observed by other measurers of house price index in the United Kingdom.

The house price index (HPI) shows changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. With the HPI set at a base of 100 in January 2015, a value of over 100 would mark an increase in the average dwelling price. A value of under 100 points, on the other hand, would indicate that the average price has dropped. House price index in the UK The HPI fluctuated in 2023, after peaking in November 2022. In December 2023, the index stood at 149 index points, which was a slight decline from December 2022. This trend in the index, and therefore the value of UK residential properties, has also been observed by the Halifax house price index. Average house prices Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data is available on GOV.UK.

Graph and download economic data for All-Transactions House Price Index for Scotland County, NC (ATNHPIUS37165A) from 1991 to 2024 about Scotland County, NC; NC; HPI; housing; price index; indexes; price; and USA.

The UK House Price Index (HPI) is an official statistic that captures changes in the value of residential properties in England, Scotland, Wales and Northern Ireland.

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, Land & Property Services Northern Ireland and the Valuation Office Agency.

United Kingdom HPI: Qtr: Scotland data was reported at 282.376 1Q1993=100 in Jun 2018. This records an increase from the previous number of 274.923 1Q1993=100 for Mar 2018. United Kingdom HPI: Qtr: Scotland data is updated quarterly, averaging 101.351 1Q1993=100 from Dec 1973 (Median) to Jun 2018, with 179 observations. The data reached an all-time high of 290.607 1Q1993=100 in Sep 2007 and a record low of 17.099 1Q1993=100 in Dec 1973. United Kingdom HPI: Qtr: Scotland data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s UK – Table UK.EB005: House Price Index: Nationwide.

According to the forecast, the North East and Wales are the regions in the United Kingdom estimated to see the highest overall growth in house prices over the five-year period between 2024 and 2028. Just behind are North West, Yorkshire & the Humber, and Scotland, which are forecast to see house prices increase by 20.2 percent over the five-year period. In London, house prices are expected to rise by 13.9 percent.

United Kingdom HPI: Qtr: First Time Buyer: Scotland data was reported at 314.104 1Q1993=100 in Sep 2018. This records an increase from the previous number of 309.279 1Q1993=100 for Jun 2018. United Kingdom HPI: Qtr: First Time Buyer: Scotland data is updated quarterly, averaging 137.196 1Q1993=100 from Mar 1983 (Median) to Sep 2018, with 143 observations. The data reached an all-time high of 314.104 1Q1993=100 in Sep 2018 and a record low of 52.849 1Q1993=100 in Mar 1983. United Kingdom HPI: Qtr: First Time Buyer: Scotland data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.EB005: House Price Index: Nationwide.

The statistic displays a five year forecast for house price growth in the United Kingdom (UK) from 2020 to 2024, revised with the coronavirus (covid-19) impact on the market. According to the forecast, 2020 and 2021 will likely see a slower to no increase in house prices followed by a gradual recovery between 2022 and 2024. North West, North East, Yorkshire & the Humber, and Scotland prices are forecast to bounce back quicker than other UK regions with higher five year price increase.

The Price Index of Private Rents (PIPR) in England, Wales, and Scotland has shown significant growth, with Scotland reaching an index value of 118.1 points in January 2025, indicating an increase of 18.1 percent since the baseline year of January 2023. The IPHRP measures the change in price of renting residential property from private landlords, based on an index value of 100 in January 2023. The IPHRP saw the highest growth in Wales, reaching 118.3 index points in January 2025 and suggesting an increase in private rents amounting to 18.3 percent since the baseline year.

During the COVID-19 pandemic, the number of house sales in the UK spiked, followed by a period of decline. In 2023, the housing market slowed notably, and in September 2024, transaction volumes fell below 50,000. House sales volumes are affected by a number of factors, including mortgage rates, house prices, supply, demand, as well as the overall health of the market. The economic uncertainty and rising unemployment rates has also affected the homebuyer sentiment of Brits. How have UK house prices developed over the past 10 years? House prices in the UK have increased year-on-year since 2015, except for a brief period of decline in the second half of 2023 and the beginning of 2024. That is based on the 12-month percentage change of the UK house price index. At the peak of the housing boom in 2022, prices soared by nearly 14 percent. The decline that followed was mild, at under three percent. The cooling in the market was more pronounced in England and Wales, where the average house price declined in 2023. Conversely, growth in Scotland and Northern Ireland continued. What is the impact of mortgage rates on house sales? For a long period, mortgage rates were at record-low, allowing prospective homebuyers to take out a 10-year loan at a mortgage rate of less than three percent. In the last quarter of 2021, this period came to an end as the Bank of England rose the bank lending rate to contain the spike in inflation. Naturally, the higher borrowing costs affected consumer sentiment, urging many homebuyers to place their plans on hold and leading to a drop in sales.

Fuel Poverty estimates updated using average earnings index and fuel price indexes for local authorities and variable weighting on 3 years survey data.

Source agency: Scottish Government

Designation: Official Statistics not designated as National Statistics

Language: English

Alternative title: Scottish House Condition Survey: Local Authority Fuel Poverty Nowcasts

HPI：季度：首次购买者：苏格兰在09-01-2018达314.1041993年1季度=100，相较于06-01-2018的309.2791993年1季度=100有所增长。HPI：季度：首次购买者：苏格兰数据按季更新，03-01-1983至09-01-2018期间平均值为137.1961993年1季度=100，共143份观测结果。该数据的历史最高值出现于09-01-2018，达314.1041993年1季度=100，而历史最低值则出现于03-01-1983，为52.8491993年1季度=100。CEIC提供的HPI：季度：首次购买者：苏格兰数据处于定期更新的状态，数据来源于Nationwide，数据归类于全球数据库的英国 – 表 UK.E039：房屋价格指数：全国范围内。

Private companies were responsible for most of the new homes built in the United Kingdom (UK) in 2023. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2021 and 2022, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2023, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2024 and 2025. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.