UK House Price Index Scotland & Fife January 2023  

<p>UK House Price Index Scotland &amp; Fife January 2023   </p> <p> </p> <p>Headline statistics for January 2023</p> <p> </p> <p> </p> <p>Average house prices in Scotland increased by 1.0% in the 12 months to January2023. This was down from 5.1% in the 12 months to December 2022 and was slower than the average UK house price annual inflation of 6.3% in the 12 months to January2023. Scotland’s annual house price inflation has generally been slowing since the recent peak of 13.8% in the 12 months to April 2022. Scotland’s annual inflation slowed this month because average Scotland house prices fell in January 2023, but rose in the same period a year ago.</p> <p> </p> <p>On a non-seasonally adjusted basis, average house prices in Scotland decreased by0.5% between December 2022 and January 2023, compared with an increase of3.4% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland decreased by 1.3% between December 2022 and January 2023.</p> <p> </p> <p>Comparing the provisional volume estimate for November 2021 with the provisional volume estimate for November 2022, the volume of transactions decreased by 6.2% in Scotland and increased by 45.8% in the UK. </p> <p> </p> <p>In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 3.1% in the 12 months to January 2023 to £341,000. Flats and maisonettes showed the lowest annual percentage change, which decreased by 1.8% in the 12 months to January 2023 to an average price of£124,000.</p> <p> </p> <p>The highest annual percentage change was in Clackmannanshire, where average house prices increased by 12.4% in the 12 months to January 2023 to £172,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.4% in the 12 months to January 2023 to £137,000. </p> <p> </p> <p>As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s