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Table 5
Residential property transactions and mortgage completions: 1996 to 31 March 2006
| Residential transactions 1 | Mortgage completions 2 |
|---|
Number of residential transactions | Median transaction value (£) | Mean transaction value (£) | Mix-adjusted House Price Index Feb 2002=100 | All purchasers | First time purchasers (%) |
|---|
Average house price (£) | Percentage of price advanced 3 | Average recorded income (£) |
|---|
1996 | 106,209 | 44,000 | 57,894 | 79 | 56,674 | 75 | 21,877 | 50 |
|---|
1997 | 116,295 | 45,000 | 55,488 | 84 | 57,883 | 75 | 22,450 | 50 |
|---|
1998 | 115,742 | 46,000 | 57,621 | 89 | 63,585 | 75 | 24,151 | 53 |
|---|
1999 | 120,814 | 48,750 | 60,741 | 91 | 69,312 | 75 | 25,936 | 50 |
|---|
2000 | 129,790 | 49,248 | 63,385 | 93 | 69,961 | 77 | 26,877 | 49 |
|---|
2001 | 135,712 | 52,000 | 67,307 | 97 | 73,570 | 76 | 28,495 | 41 |
|---|
2002 | 147,893 | 57,029 | 75,769 | 110 | 77,655 | 77 | 28,669 | 34 |
|---|
2003 | 151,868 | 65,000 | 94,169 | 125 | 103,641 | 67 | 31,945 | 27 |
|---|
2004 | 142,223 | 82,000 | 107,243 | 151 | 118,932 | 68 | 34,080 | 22 |
|---|
2005 | 159,510 | 89,000 | 123,233 | 170 | 129,631 | 70 | 36,714 | 32 |
|---|
2005 Q1 | 33,285 | 79,000 | 158,480 | 160 | 124,494 | 66 | 35,161 | 23 |
|---|
2005 Q2 | 37,168 | 85,550 | 105,091 | 170 | 136,205 | 65 | 37,442 | 22 |
|---|
2005 Q3 | 44,658 | 94,000 | 118,147 | 175 | 136,071 | 69 | 37,799 | 32 |
|---|
2005 Q4 | 44,399 | 93,389 | 117,113 | 174 | 121,755 | 79 | 36,454 | 45 |
|---|
2006 Q1 | | | | 177 | 124,783 | 77 | 38,022 | 40 |
|---|
Notes: The relatively small sample sizes in some cases and effects of seasonality mean that quarter on quarter changes should be interpreted with caution. Monetary values shown are nominal and not adjusted for inflation.
1. Source: Land Valuation Information Unit at the University of Paisley and Communities Scotland (base data provided by Registers of Scotland).
This analysis is based on all recorded transactions in order to reflect the total activity level for Scotland. Figures may differ from those published by Registers of Scotland as the latter exclude transactions under £20,000 and over £1,000,000 (see notes and definitions).
2. Source: Regulated Mortgage Survey ( RMS) of the Council of Mortgage Lenders ( CML)/BankSearch.
Mortgage 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. Figures from 2002 Q2 onwards are based on an increased sample size. From September 2005, lenders' data are collected via the Regulated Mortgage Survey.
3. The percentage of price advanced has been revised. Percentages from 2003 onwards are now calculated on a case-by case basis and then averaged. Previously the percentages were derived from the overall average price and advance.
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