{"id":596,"date":"2012-05-23T12:01:18","date_gmt":"2012-05-23T12:01:18","guid":{"rendered":"http:\/\/blog.citylets.co.uk\/?p=596"},"modified":"2017-01-09T15:34:19","modified_gmt":"2017-01-09T15:34:19","slug":"scottish-house-prices","status":"publish","type":"post","link":"https:\/\/www.citylets.co.uk\/blog\/scottish-house-prices\/","title":{"rendered":"Scottish House Prices"},"content":{"rendered":"<p>This is a short update on the house price information we use in the Citylets Rental Report. \u00a0There are numerous house price indices available but we focus on the two which we feel give us the most reliable picture. \u00a0The index produced by the Department of \u00a0Communities and Local\u00a0Government\u00a0(CLG)\u00a0is now being published direct from the Office of National Statistics (ONS). \u00a0This particular index covers the whole of UK with a breakdown by region, and country and is based on data from the regulated mortgage survey (RMS) which is supplied to ONS by the Council of Mortgage Lenders (CML). \u00a0RMS is a very large sample of all\u00a0mortgages\u00a0and so has distinct advantages over indices produced by individual lenders who have a \u00a0limited share of the mortgage market. \u00a0It allows us to compare house price trends at national level, and as the chart below shows the market in Scotland has performed better than any other home nation over the last decade. \u00a0The\u00a0meteoric\u00a0rise and fall of the sales market in Northern Ireland is there for all to see. \u00a0In the meantime rental levels in Belfast have remained solid with only a slight fall of 1.8% over the year to Q1 2012 (\u00a3557).<\/p>\n<p><a href=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/Citylets-ONS-House-Price-Index-March-20122.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-605\" title=\"Citylets ONS House Price Index March 2012\" src=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/Citylets-ONS-House-Price-Index-March-20122.jpg\" alt=\"Citylets ONS House Price Index March 2012\" width=\"700\" height=\"461\" srcset=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/Citylets-ONS-House-Price-Index-March-20122.jpg 700w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/Citylets-ONS-House-Price-Index-March-20122-400x263.jpg 400w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The other house price information we work with is published by Registers of Scotland (ROS) at the national and local authority level. Its advantage is that it is based on actual sales rather than mortgage information, so it includes cash transactions. You can see how the distinct seasonality of the ROS index, which invariably rises in Spring\/Summer and falls in Autumn\/Winter is smoothed out in the CLG index.<\/p>\n<div id=\"attachment_599\" style=\"width: 741px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/House-Price-Chart-update.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-599\" class=\"size-full wp-image-599\" title=\"House Price Chart update\" src=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/House-Price-Chart-update.jpg\" alt=\"\" width=\"731\" height=\"340\" srcset=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/House-Price-Chart-update.jpg 731w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2012\/05\/House-Price-Chart-update-400x186.jpg 400w\" sizes=\"auto, (max-width: 731px) 100vw, 731px\" \/><\/a><p id=\"caption-attachment-599\" class=\"wp-caption-text\">House Price Chart update<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a short update on the house price information we use in the Citylets Rental Report. \u00a0There are numerous house price indices available but we focus on the two which we feel give us the most reliable picture. \u00a0The index produced by the Department of \u00a0Communities and Local\u00a0Government\u00a0(CLG)\u00a0is now being published direct from the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[29],"tags":[21,25],"class_list":["post-596","post","type-post","status-publish","format-standard","hentry","category-citylets-news","tag-citylets","tag-house-prices-scotland","citylets-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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