Scottish Housing Market Review Q2 2026

Footnotes

1 Since sales data in the UK HPI dataset (based on date of entry) is only available with a significant lag, Chart 1.1 and Table 1.1 use sales data from Registers of Scotland (based on date of registration) which is more recent.

2 References to annual growth rates in this publication mean the percentage change in the variable in a particular period (e.g. month, quarter) as compared to its level in the same period in the previous year.

3 Note that because of this volatility, the ONS already uses a three-month average to calculate the local authority price for a given month, e.g. the published estimate for March is a simple average of the estimates for January, February and March. Therefore, in Table 2.1 for local authorities (although not for Scotland as a whole) the quarterly average price, which is based on 3 months of published UK HPI estimates, is based on data drawn from 5 months of transactions. A similar consideration applies to the 4-quarter moving average.

4 A regulated loan is a loan to an individual, secured by a first or second charge on residential property, where the property is for the use of the borrower or a close relative.

5 FCA data is collected on an account basis, whereas UK Finance data is collected on a borrower basis and covers first-charge mortgage lending only.

6 The sharp drawdown in loan facilities by housebuilders from March 2020 was likely due to the need to fund short-term liabilities owing to Covid-19 restrictions on construction activities and home moves, as well as a precautionary move given the economic uncertainty at the time.