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Glasgow City · report

Past price cycles in Glasgow City

Sale prices have fallen by 3% or more 8 times since 2004. The deepest began in July 2007.

Deepest fall
−26.3%
Recovery from the low
64 months

Prices in Glasgow City and the UK, indexed

Average sale prices, both set to 100 in January 2004.

  • Glasgow City
  • United Kingdom
  • 100 = January 2004
Show the numbers
PeriodGlasgow CityUnited Kingdom
Aug 2026243.5216.4
Jul 2026243.1215.7
Jun 2026242.2214.5
May 2026239.9215.7
Apr 2026235.2214.7
Mar 2026233.9212.9
Feb 2026233.2213.5
Jan 2026236.7213.0
Dec 2025239.2212.4
Nov 2025242.9214.4
Oct 2025242.0213.8
Sep 2025241.9213.6
Aug 2025239.3214.4
Jul 2025236.5213.1
Jun 2025233.5211.4
May 2025231.6209.3
Apr 2025230.3206.2
Mar 2025228.2212.4
Feb 2025226.8209.8
Jan 2025226.3210.0
Dec 2024226.0209.2
Nov 2024227.3209.6
Oct 2024227.6210.2
Sep 2024228.6209.8
Aug 2024226.2210.1
Jul 2024223.1208.0
Jun 2024219.3205.7
May 2024217.5204.9
Apr 2024215.1203.3
Mar 2024214.2202.2
Feb 2024214.3201.8
Jan 2024215.7202.9
Dec 2023215.0203.0
Nov 2023215.2204.8
Oct 2023218.7206.2
Sep 2023221.9207.1
Aug 2023220.3208.1
Jul 2023217.6207.0
Jun 2023211.7204.7
May 2023207.2203.9
Apr 2023201.9203.3
Mar 2023201.6202.8
Feb 2023205.1205.1
Jan 2023209.4206.8
Dec 2022213.4208.6
Nov 2022213.7210.3
Oct 2022213.9210.6
Sep 2022216.4210.6
Aug 2022217.8210.1
Jul 2022215.7208.4
Jun 2022210.4204.6
May 2022204.4202.1
Apr 2022201.7199.8
Mar 2022201.6197.5
Feb 2022202.9196.8
Jan 2022203.9196.6
Dec 2021200.8194.3
Nov 2021200.9193.3
Oct 2021201.5189.6
Sep 2021202.2194.5
Aug 2021200.3188.9
Jul 2021194.6183.4
Jun 2021187.9192.4
May 2021187.0182.7
Apr 2021186.1181.5
Mar 2021189.6184.2
Feb 2021188.3181.5
Jan 2021188.8181.0
Dec 2020186.5181.0
Nov 2020185.8179.6
Oct 2020182.1177.8
Sep 2020178.5176.3
Aug 2020174.3174.5
Jul 2020171.9172.8
Jun 2020168.4171.4
May 2020164.4169.0
Apr 2020163.4168.1
Mar 2020165.3169.9
Feb 2020168.1168.4
Jan 2020168.4169.3
Dec 2019168.6169.2
Nov 2019168.4169.4
Oct 2019170.4170.0
Sep 2019170.9170.5
Aug 2019172.2170.4
Jul 2019169.6169.8
Jun 2019166.7167.9
May 2019163.0167.2
Apr 2019163.0167.0
Mar 2019161.7165.8
Feb 2019160.4166.3
Jan 2019160.7166.7
Dec 2018162.1167.7
Nov 2018164.9168.1
Oct 2018166.6168.8
Sep 2018169.2169.0
Aug 2018168.4169.3
Jul 2018163.7168.8
Jun 2018160.3166.7
May 2018155.8165.6
Apr 2018155.4164.9
Mar 2018154.2163.4
Feb 2018156.8164.4
Jan 2018157.5163.9
Dec 2017156.4164.5
Nov 2017154.5163.9
Oct 2017153.4164.3
Sep 2017154.3164.2
Aug 2017155.2164.8
Jul 2017153.8164.1
Jun 2017152.1162.0
May 2017147.0160.6
Apr 2017144.4159.6
Mar 2017142.7157.1
Feb 2017145.2157.5
Jan 2017146.3157.1
Dec 2016144.8157.3
Nov 2016143.9157.0
Oct 2016144.7156.3
Sep 2016146.9156.8
Aug 2016147.3157.1
Jul 2016145.8157.1
Jun 2016141.2155.4
May 2016138.5153.9
Apr 2016134.2152.2
Mar 2016134.9151.6
Feb 2016136.8150.1
Jan 2016140.6150.0
Dec 2015142.9149.6
Nov 2015142.4149.1
Oct 2015142.7148.0
Sep 2015142.8147.8
Aug 2015142.9147.5
Jul 2015140.9146.1
Jun 2015137.8143.7
May 2015134.7142.6
Apr 2015131.2141.1
Mar 2015131.0139.8
Feb 2015129.3139.3
Jan 2015131.4139.2
Dec 2014132.2139.9
Nov 2014135.6139.6
Oct 2014138.7140.1
Sep 2014139.1140.3
Aug 2014137.6140.1
Jul 2014133.4138.5
Jun 2014129.5136.6
May 2014126.7135.4
Apr 2014125.0134.0
Mar 2014124.4131.1
Feb 2014124.7130.6
Jan 2014125.9130.1
Dec 2013125.7129.9
Nov 2013127.5128.7
Oct 2013129.0128.0
Sep 2013134.1128.6
Aug 2013132.9128.5
Jul 2013130.4127.5
Jun 2013125.9126.0
May 2013123.1125.0
Apr 2013119.9124.4
Mar 2013119.2123.1
Feb 2013120.4122.4
Jan 2013122.9122.4
Dec 2012124.0123.3
Nov 2012125.8123.5
Oct 2012127.1123.4
Sep 2012129.1124.3
Aug 2012130.1124.8
Jul 2012130.0124.6
Jun 2012127.3124.1
May 2012126.1122.9
Apr 2012123.9122.5
Mar 2012124.4121.2
Feb 2012125.0120.8
Jan 2012129.2121.1
Dec 2011132.1122.0
Nov 2011136.2122.5
Oct 2011137.2122.4
Sep 2011140.8123.8
Aug 2011139.5124.1
Jul 2011137.8124.0
Jun 2011132.8122.5
May 2011129.4122.3
Apr 2011127.6122.8
Mar 2011128.5120.9
Feb 2011130.1121.5
Jan 2011133.7122.1
Dec 2010134.2123.2
Nov 2010137.3123.4
Oct 2010139.8124.9
Sep 2010142.4126.3
Aug 2010142.2126.6
Jul 2010140.0126.6
Jun 2010137.2125.3
May 2010132.8124.7
Apr 2010128.5124.1
Mar 2010128.1122.6
Feb 2010133.7122.6
Jan 2010139.7122.3
Dec 2009141.8122.7
Nov 2009142.0121.9
Oct 2009144.3121.5
Sep 2009149.0120.7
Aug 2009148.7119.7
Jul 2009146.1118.6
Jun 2009140.3116.5
May 2009137.2115.4
Apr 2009132.1113.8
Mar 2009130.0112.8
Feb 2009129.4113.5
Jan 2009133.2114.8
Dec 2008134.2117.5
Nov 2008136.1119.3
Oct 2008138.6122.8
Sep 2008146.2125.3
Aug 2008153.7128.6
Jul 2008158.1131.3
Jun 2008156.6132.7
May 2008153.7134.5
Apr 2008152.0133.7
Mar 2008153.8133.5
Feb 2008155.6134.5
Jan 2008156.5135.6
Dec 2007152.7138.1
Nov 2007152.1138.3
Oct 2007152.6138.4
Sep 2007159.5138.7
Aug 2007161.7138.6
Jul 2007161.7137.8
Jun 2007158.5136.0
May 2007153.7134.6
Apr 2007149.7133.0
Mar 2007145.8130.4
Feb 2007144.6129.4
Jan 2007144.5129.0
Dec 2006145.3129.1
Nov 2006147.5127.5
Oct 2006148.5126.8
Sep 2006149.1126.1
Aug 2006144.9125.6
Jul 2006141.5124.6
Jun 2006136.7122.8
May 2006133.7121.6
Apr 2006131.5120.5
Mar 2006131.5117.9
Feb 2006131.2117.0
Jan 2006130.7116.8
Dec 2005128.9117.0
Nov 2005131.2116.3
Oct 2005133.7116.0
Sep 2005137.2116.2
Aug 2005136.4116.4
Jul 2005131.6115.9
Jun 2005127.6114.4
May 2005125.0113.5
Apr 2005123.7112.3
Mar 2005121.9110.8
Feb 2005120.4109.9
Jan 2005119.2110.0
Dec 2004119.4110.0
Nov 2004118.1110.9
Oct 2004118.0111.0
Sep 2004115.5110.2
Aug 2004117.5110.4
Jul 2004117.3109.2
Jun 2004116.6106.9
May 2004110.1105.0
Apr 2004107.2103.8
Mar 2004103.199.3
Feb 2004103.099.0
Jan 2004100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
September 2005December 2005−6.1%37
September 2006January 2007−3.1%43
July 2007March 2013−26.3%6864
September 2018February 2019−5.2%55
August 2019April 2020−5.1%84
August 2022March 2023−7.4%75
September 2023March 2024−3.5%64
November 2025February 2026−4.0%35

The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Glasgow City

Next 12 months

Sale prices have an 80% chance of landing between £195,823 and £224,302 by August 2027.

Expected, August 2027
£210,063
Chance of a rise
92%

Affordability

At the average sale price, a home costs £194,382. With 10% down and a 30-year mortgage, the payment is £897 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
14%
Payment, one income
28%

Buy or rent

Figures for Scotland: Glasgow City has no reliable figures of its own.

Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,011
Owning per month
£934

New homes

46.7% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
570
Per 1,000 residents
0.9

Foreign buyers

Figures for United Kingdom: Glasgow City has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

People and new homes

In 2025 the population grew by 3,954 while 1,530 homes were finished: 2.6 new residents for every new home.

New residents per new home, 2025
2.6
Population change, 2025
+3,954

Renovation

In 2026, 0% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2026
0%