House price statistics from Registers of Scotland (RoS).
Three key figures for 2021-22:
- £201,744
The average price of residential property in Scotland - 110,248
The total number of residential property sales in Scotland - £22.2 billion
The value of residential property sales in Scotland
The Property Market Report is the main statistical compendium publication from Registers of Scotland.
It details the major trends in the Scottish land and property market since 2003-04, includes residential and non-residential markets as well as key statistics on house prices and sale transactions.
Fewer transactions were received by RoS in the first quarter of 2020-21 because of the introduction of government measures to reduce the spread of the coronavirus (COVID-19). Use caution when comparing 2020-21 with other years.
The latest statistics from Registers of Scotland’s Property Market Report 2021-22 show that the average price of a residential property in Scotland in 2021-22 was £201,744, up by 4% on 2020-21.
Since 2003-04, the start of RoS house price data, the average residential property price in Scotland has doubled.
The total number of residential property sales increased by 16% from 95,159 sales in 2020-21 to 110,248 in 2021-22. The sales volume remains 26% below the peak of 149,943 sales in 2006-07.
The value of residential property sales in the financial year 2021-22 was £22.2 billion, an increase of 20% when compared with 2020-21. The residential sales market value is now close to the level peak in 2007-08 of £22.9 billion.
The average price for a new build residential property was £285,187 in 2021-22, an increase of 6.4% compared with 2020-21. In 2021-22, 11% of residential property sales in Scotland were new builds.
The report also looks at the non-residential market. The total market value of non-residential sales in 2021-22 was £4.3 billion. Commercial sales accounted for 77% of this total, with the remainder from sales of forestry, agriculture and land.
Commenting on the release, Registers of Scotland Accountable Officer, Janet Egdell said:
“The total value of the residential sales market exceeded £22bn in 2021-22, an increase of 20% compared with 2020-21. This is the highest level seen since the peak year of 2007/08, when the market value of residential sales reached £22.9bn.”
The Property Market Report 2021-22 provides analysis of:
- residential sales by house type and price band
- sales of properties within new build developments
- residential sales with a sale price of more than £1 million
- the market within Scotland’s seven cities and local authorities
- trends in cash and mortgage-financed sales volumes
- residential property sales by urban rural classification
As well as the report, the following are also available:
- 2021-22 data tables
- infographic summary
Notes to editors
- Registers of Scotland (RoS) is the government department responsible for compiling and maintaining registers relating to property and other legal documents in Scotland. RoS records and safeguards the rights of the individual while providing open access to information on the registers.
- This is an official statistics publication for Scotland. The statistics have been produced in line with the principles set out in the Code of Practice for Statistics.
- The property statistics are compiled using data collected as part of the land registration process. This data is comprehensive, covering transactions across the whole of Scotland for all types of property sales, in residential and non-residential markets, and with actual sale prices, not just valuations. Full information on the methodology used to compile these statistics can be found on our website.
- Further information about the quality processes in place for RoS data is available in the quality assurance of administrative data document, as published for the UK House Price Index.
- RoS began compiling quarterly statistics on the property market with the completion of the extension of the Land Register to all counties in Scotland in April 2003. Details of all of our property statistics releases, including the UK House Price Index, and future publication dates are available on our website.
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Footnotes
- The majority of land classifications will be provided by conveyancing solicitors on RoS registration forms and can be defined as follows: Land: areas of ground, undeveloped, commonly under two hectares; Agriculture: areas of ground over two hectares, titles with “farm” in the description; Forestry: as areas of woodland or forestry, undeveloped.↩