House Prices
Value of residential property transactions
Data
House Prices
Description
Residential property transactions are recorded by Registers of Scotland. Historical analysis for the years prior to 2003 includes additional coding by the Land Valuation Information Unit at the University of Paisley and Scottish Government. Figures for the years following 2003 are based on Scottish Government analysis of sales data supplied by Registers of Scotland.
The number of sales, median price and lower quartile price are based on second hand and new build sales that are recorded/registered in the given time period whether they are cash purchases or funded by mortgages. It can take a period of time for sales to be submitted and recorded after the transaction is completed.
Areas with less than 5 sales have the number and value of sales suppressed to help minimise the risk of data disclosure and to ensure that any averages presented are based on at least 5 records.
Metadata
| Theme | Housing |
|---|---|
| Organisation | Scottish Government |
| License | UK Open Government Licence (OGL) |
| Published | |
| Last updated | |
| Update frequency | annual |
| Reference period | 1993 to 2018 |
| Geographic coverage | Data Zones, Intermediate Zones, Community Health Partnerships, Health Board Areas, Council Areas, Electoral Wards, Scottish Parliamentary Constituencies, Country |
| Contact | housingstatistics@gov.scot |
Data quality
Completeness
The figures presented provide information on counts and average values of residential property transactions across various geographical areas. Further more detailed analyses of sales at a Scotland and local authority level is available from Registers of Scotland statistical reports.
Uniqueness
Not assessed
Consistency
The figures presented provide information on counts and average values of residential property transactions across various geographical areas, and have not been adjusted or controlled by type or size of dwelling, or any other attribute. Therefore differences seen across time may be partly due to differences in the underlying composition of dwellings being sold across each period. Differences seen between areas may be partly due to underlying differences in the average sizes of properties, or other property attributes, between each area.
Changes in average house prices over time for Scotland and Scottish local authority areas are separately reported on as part of the UK House Price Index. The UK HPI is mix-adjusted to allow an assessment of the changes in average prices of properties over time irrespective of any underlying differences between homes sold in different periods, for example the type or size of property.
Registers of Scotland publish a range of monthly, quarterly and annual statistics on house sales and house prices, which include figures at a Scotland and local authority level, and which are available on the Registers of Scotland website.
Timeliness
Figures are typically released a few months following the end of the calendar year that the figures relate to, depending on timeliness of data provision and analysis.
Validity
Figures on house sales and house prices are a key part of assessing the health and performance of the housing market in Scotland, and can be used in conjunction with separate data such as average household income to help assess how housing affordability varies between different areas of Scotland.
Accuracy
Areas with less than 5 sales have had the number and value of sales suppressed to help minimise the risk of data disclosure and to ensure that any averages presented are based on at least 5 records. This should be taken into account if Data Zone level estimates are aggregated to produce estimates for higher geographies.
Average (mean) sales values in some areas may potentially be affected by outlier values, for example particularly large individual house sales values.
Transactions recorded without a fully complete and correct postcode are excluded.
Quality management
Figures from the Scottish Government analysis of sales data supplied by Registers of Scotland are cross-checked to published Registers of Scotland figures to check high level trends in numbers of sales and average prices.
Additional details
Revisions
Revisions are dealt with in accordance with the Scottish Government Statistics Revisions Policy.
Confidentiality policy
This dataset does not contain any directly identifiable personal information. In addition, areas with less than 5 sales have the number and value of sales suppressed to help minimise the risk of data disclosure.