A decade of Scottish land registration data is available for the first time, following the publication of the 10 Year Property Market Report by Registers of Scotland (RoS).
Covering 2003 to 2013, the report details the trends in the land and property market over the peak years and in the wake of the economic downturn.
Key findings revealed in the 10 Year Property Market Report include:
- Residential house prices in Scotland rose by 52.9% and a home now costs £156,428 on average;
- The volume of sales has dropped by 43.8% compared to 2003;
- The number of £1m+ residential properties sold in Scotland doubled between 2003 and 2013; and
- Regarded as the peak of the market, 2007-08 saw the largest volume of homes sold in Scotland and these transactions accounted for the biggest annual market value of property during the ten year period.
Registers of Scotland Director of Commercial Services Kenny Crawford commented: “Ten years on from all registration counties in Scotland coming on to the Land Register, we now have the fullest picture possible of the property market over the last decade.
“The wealth of statistical data available to us is illustrated in this 10 Year Property Market Report. The figures detailing the market over recent years certainly make interesting reading and the story in the first half of the decade is very different from that in the latter half, as you’d expect given the magnitude of the economic downturn. Moving forward, we’ll see in the coming years whether the improving signs recorded in 2012-13 signify the beginnings of a recovery or a fresh stability to the Scottish property market.”
Contains public sector information licensed under the Open Government Licence v1.0.
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