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Statistical Bulletin HSG/2004/4 Housing trends in Scotland quarters ending 31 December 2003 and 31 March 2004

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Statistical Bulletin HSG/2004/4: Housing Trends in Scotland: quarters ending 31 December 2003 and 31 March 2004

Mortgages at completion stage: 1994 to 31 March 2004

Table 5

Period

Number of loans (000s) 1

Mix-adjusted House Price Index 2002=100 2

All purchasers

Percentage of first time purchasers

Average house price ()

Percentage of price advanced 3

Average recorded income () 4

1994

na

76

50,651

75

19,928

57

1995

53

77

53,143

76

20,928

54

1996

65

79

56,674

75

21,877

50

1997

74

84

57,883

75

22,450

50

1998

72

89

63,585

75

24,151

52

1999

83

91

69,312

75

25,936

50

2000

78

93

69,961

77

26,877

49

2001

86

97

73,570

76

28,495

41

2002

94

110

77,655

73

28,669

30

2003

81

125

103,641

67

31,945

20

2002 1st Qtr

18

100

68,336

72

26,966

31

2002 2nd Qtr

23

109

80,788

75

30,651

27

2002 3rd Qtr

27

114

85,554

73

31,677

30

2002 4th Qtr

26

117

87,893

72

31,650

31

2003 1st Qtr

15

113

97,139

64

29,489

24

2003 2nd Qtr

20

122

105,443

63

31,733

23

2003 3rd Qtr

21

130

103,905

70

33,353

18

2003 4rd Qtr

25

136

108,076

72

33,206

18

2004 1st Qtr

..

140

110,886

65

33,939

20

Source: Survey of Mortgage Lenders, Council of Mortgage Lenders and the Office of the Deputy Prime Minister.
Notes: Figures since 1993 have been revised, substantially in some cases, due to changes in methodology (see notes and definitions). Due to rounding, the total shown may not be equal to the sum of constituent parts. The relatively small sample sizes and effects of seasonality mean that quarter on quarter changes should be interpreted with caution. Figures from 2002 Q2 onwards are based on an increased sample size.
1. The numbers of loans are now estimated by applying the house purchasing activity rate for England and Wales to the estimated privately-owned housing stock in Scotland (see notes and definitions).
2. The House Price Index was revised in 2003 (see notes and definitions).
3. The percentage of price advanced has been revised. Percentages are now calculated on a case-by case basis and then averaged. Previously the percentages were derived on the overall average price and advance.
4. Revised June 2004.

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Page updated: Thursday, May 18, 2006