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Orkney Islands · report

Past price cycles in Orkney Islands

Sale prices have fallen by 3% or more 21 times since 2004. The deepest began in November 2019.

Deepest fall
−27.7%
Recovery from the low
7 months

Prices in Orkney Islands and the UK, indexed

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

  • Orkney Islands
  • United Kingdom
  • 100 = January 2004
Show the numbers
PeriodOrkney IslandsUnited Kingdom
Aug 2026323.3216.4
Jul 2026321.1215.7
Jun 2026348.4214.5
May 2026346.4215.7
Apr 2026343.3214.7
Mar 2026330.3212.9
Feb 2026332.8213.5
Jan 2026342.0213.0
Dec 2025350.5212.4
Nov 2025342.3214.4
Oct 2025343.3213.8
Sep 2025312.1213.6
Aug 2025327.0214.4
Jul 2025320.8213.1
Jun 2025338.5211.4
May 2025328.7209.3
Apr 2025308.0206.2
Mar 2025308.8212.4
Feb 2025301.1209.8
Jan 2025314.6210.0
Dec 2024302.1209.2
Nov 2024303.5209.6
Oct 2024305.7210.2
Sep 2024312.5209.8
Aug 2024299.6210.1
Jul 2024305.5208.0
Jun 2024315.4205.7
May 2024313.4204.9
Apr 2024299.2203.3
Mar 2024288.0202.2
Feb 2024287.7201.8
Jan 2024288.2202.9
Dec 2023280.6203.0
Nov 2023282.3204.8
Oct 2023285.6206.2
Sep 2023285.8207.1
Aug 2023291.3208.1
Jul 2023288.8207.0
Jun 2023290.8204.7
May 2023304.5203.9
Apr 2023293.0203.3
Mar 2023299.7202.8
Feb 2023284.7205.1
Jan 2023303.9206.8
Dec 2022310.0208.6
Nov 2022315.0210.3
Oct 2022316.0210.6
Sep 2022312.4210.6
Aug 2022312.5210.1
Jul 2022315.0208.4
Jun 2022323.7204.6
May 2022320.6202.1
Apr 2022305.2199.8
Mar 2022279.8197.5
Feb 2022266.4196.8
Jan 2022277.3196.6
Dec 2021274.7194.3
Nov 2021273.0193.3
Oct 2021265.8189.6
Sep 2021264.2194.5
Aug 2021264.4188.9
Jul 2021256.2183.4
Jun 2021241.1192.4
May 2021252.0182.7
Apr 2021241.7181.5
Mar 2021243.5184.2
Feb 2021226.6181.5
Jan 2021236.1181.0
Dec 2020239.0181.0
Nov 2020244.5179.6
Oct 2020236.3177.8
Sep 2020223.1176.3
Aug 2020223.7174.5
Jul 2020195.8172.8
Jun 2020185.5171.4
May 2020180.1169.0
Apr 2020176.0168.1
Mar 2020193.6169.9
Feb 2020199.8168.4
Jan 2020231.6169.3
Dec 2019243.2169.2
Nov 2019243.5169.4
Oct 2019242.9170.0
Sep 2019235.6170.5
Aug 2019232.2170.4
Jul 2019220.3169.8
Jun 2019226.7167.9
May 2019214.1167.2
Apr 2019213.8167.0
Mar 2019204.9165.8
Feb 2019213.3166.3
Jan 2019223.4166.7
Dec 2018225.6167.7
Nov 2018217.7168.1
Oct 2018223.7168.8
Sep 2018219.0169.0
Aug 2018218.9169.3
Jul 2018216.7168.8
Jun 2018217.2166.7
May 2018221.6165.6
Apr 2018200.7164.9
Mar 2018199.6163.4
Feb 2018193.5164.4
Jan 2018202.5163.9
Dec 2017202.1164.5
Nov 2017199.2163.9
Oct 2017194.9164.3
Sep 2017193.0164.2
Aug 2017195.1164.8
Jul 2017193.4164.1
Jun 2017199.9162.0
May 2017207.5160.6
Apr 2017211.4159.6
Mar 2017194.1157.1
Feb 2017181.4157.5
Jan 2017171.0157.1
Dec 2016182.1157.3
Nov 2016191.1157.0
Oct 2016201.2156.3
Sep 2016198.9156.8
Aug 2016195.4157.1
Jul 2016182.4157.1
Jun 2016169.5155.4
May 2016173.9153.9
Apr 2016178.9152.2
Mar 2016182.7151.6
Feb 2016163.6150.1
Jan 2016165.7150.0
Dec 2015174.2149.6
Nov 2015188.4149.1
Oct 2015182.9148.0
Sep 2015174.7147.8
Aug 2015172.9147.5
Jul 2015166.4146.1
Jun 2015182.7143.7
May 2015180.0142.6
Apr 2015192.0141.1
Mar 2015175.7139.8
Feb 2015184.5139.3
Jan 2015178.5139.2
Dec 2014177.7139.9
Nov 2014169.6139.6
Oct 2014182.9140.1
Sep 2014189.6140.3
Aug 2014195.2140.1
Jul 2014189.4138.5
Jun 2014195.5136.6
May 2014178.1135.4
Apr 2014170.8134.0
Mar 2014160.2131.1
Feb 2014157.0130.6
Jan 2014159.0130.1
Dec 2013167.5129.9
Nov 2013179.5128.7
Oct 2013176.0128.0
Sep 2013167.1128.6
Aug 2013171.6128.5
Jul 2013171.7127.5
Jun 2013177.1126.0
May 2013176.2125.0
Apr 2013183.8124.4
Mar 2013175.2123.1
Feb 2013171.0122.4
Jan 2013168.4122.4
Dec 2012176.0123.3
Nov 2012176.5123.5
Oct 2012175.0123.4
Sep 2012189.8124.3
Aug 2012197.5124.8
Jul 2012191.3124.6
Jun 2012181.4124.1
May 2012184.1122.9
Apr 2012198.6122.5
Mar 2012205.0121.2
Feb 2012194.9120.8
Jan 2012207.8121.1
Dec 2011190.9122.0
Nov 2011185.0122.5
Oct 2011168.6122.4
Sep 2011161.3123.8
Aug 2011182.0124.1
Jul 2011171.3124.0
Jun 2011188.4122.5
May 2011175.2122.3
Apr 2011188.1122.8
Mar 2011190.1120.9
Feb 2011163.3121.5
Jan 2011153.9122.1
Dec 2010144.2123.2
Nov 2010179.7123.4
Oct 2010182.4124.9
Sep 2010178.8126.3
Aug 2010172.9126.6
Jul 2010164.9126.6
Jun 2010153.4125.3
May 2010149.8124.7
Apr 2010136.7124.1
Mar 2010140.9122.6
Feb 2010146.3122.6
Jan 2010157.9122.3
Dec 2009160.6122.7
Nov 2009148.8121.9
Oct 2009155.5121.5
Sep 2009158.5120.7
Aug 2009171.9119.7
Jul 2009173.2118.6
Jun 2009183.9116.5
May 2009155.8115.4
Apr 2009148.4113.8
Mar 2009134.9112.8
Feb 2009141.0113.5
Jan 2009147.3114.8
Dec 2008155.6117.5
Nov 2008170.0119.3
Oct 2008155.3122.8
Sep 2008152.6125.3
Aug 2008140.0128.6
Jul 2008157.5131.3
Jun 2008154.6132.7
May 2008157.5134.5
Apr 2008151.0133.7
Mar 2008148.6133.5
Feb 2008147.8134.5
Jan 2008141.5135.6
Dec 2007138.8138.1
Nov 2007143.6138.3
Oct 2007158.5138.4
Sep 2007153.2138.7
Aug 2007155.5138.6
Jul 2007136.8137.8
Jun 2007130.1136.0
May 2007141.7134.6
Apr 2007139.3133.0
Mar 2007144.6130.4
Feb 2007126.9129.4
Jan 2007131.6129.0
Dec 2006130.4129.1
Nov 2006141.2127.5
Oct 2006140.1126.8
Sep 2006155.4126.1
Aug 2006140.2125.6
Jul 2006140.3124.6
Jun 2006138.2122.8
May 2006145.6121.6
Apr 2006146.9120.5
Mar 2006140.8117.9
Feb 2006121.1117.0
Jan 2006117.8116.8
Dec 2005104.8117.0
Nov 2005117.2116.3
Oct 2005122.7116.0
Sep 2005127.4116.2
Aug 2005132.8116.4
Jul 2005123.2115.9
Jun 2005129.9114.4
May 2005111.9113.5
Apr 2005118.0112.3
Mar 2005101.2110.8
Feb 2005103.1109.9
Jan 200598.1110.0
Dec 2004105.2110.0
Nov 2004101.4110.9
Oct 2004100.5111.0
Sep 200488.7110.2
Aug 200492.7110.4
Jul 200486.7109.2
Jun 200488.2106.9
May 200484.2105.0
Apr 200476.5103.8
Mar 200485.199.3
Feb 200484.199.0
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
January 2004April 2004−23.5%36
December 2004January 2005−6.7%13
April 2005May 2005−5.1%11
June 2005July 2005−5.1%11
August 2005December 2005−21.1%43
April 2006June 2006−6.0%23
September 2006February 2007−18.4%56
October 2007December 2007−12.5%211
November 2008March 2009−20.7%43
June 2009April 2010−25.6%1011
March 2011September 2011−15.2%63
January 2012February 2014−24.4%2538
April 2017September 2017−8.7%58
December 2018March 2019−9.1%33
November 2019April 2020−27.7%57
November 2020February 2021−7.3%33
May 2021June 2021−4.3%11
January 2022February 2022−3.9%11
June 2022December 2023−13.3%1817
June 2025September 2025−7.8%31
December 2025July 2026−8.4%7Not yet

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 Orkney Islands

Next 12 months

Sale prices have an 80% chance of landing between £171,605 and £249,475 by August 2027.

Expected, August 2027
£210,540
Chance of a rise
42%

Affordability

At the average sale price, a home costs £216,479. With 10% down and a 30-year mortgage, the payment is £999 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: Orkney Islands 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

38.8% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
49
Per 1,000 residents
2.2

Foreign buyers

Figures for United Kingdom: Orkney Islands 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 fell by 79 while 73 homes were finished.

Homes finished, 2025
73
Population change, 2025
−79

Renovation

In 2026, 10% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2026
10%