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The first single official UK House Price Index is published by Registers of Scotland

23 June 2016

Registers of Scotland (RoS) has been producing quarterly house price statistics for Scotland for many years. Now it has published the first single official UK House Price Index (HPI), which will continue on a monthly basis to deliver more accurate property figures for the UK as a whole – the result of a collaborative effort involving RoS, the Office for National Statistics, Land Registry for England and Wales and the Land & Property Services Northern Ireland.

Addressing the 2010 recommendation for a ‘single definitive house price index produced by the official statistics producer community’, the new UK HPI forms part of a suite of statistical publications produced by RoS. Following user consultation, RoS director of commercial services, Kenny Crawford, says: “RoS will continue to publish quarterly house price statistics for Scotland in parallel with the new monthly UK HPI.” “We also intend to publish tables on our website to allow comparison between these quarterly statistics and the HPI Scotland as more data becomes available,” he adds.

The HPI Scotland reveals the average price of a house in Scotland in April was £138,445, compared to the UK average of £208,974, while residential sales volumes in Scotland in February numbered 5,507, an increase of 7.7 percent on the previous year. To see the UK HPI visit www.gov.uk or for Scotland’s HPI, www.ros.gov.uk

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