Housing prices in Inverclyde

In Inverclyde:

We regularly revise our house prices estimates. All of the house price data from the last 12 months and UK-level rent estimates for the latest two months are provisional and subject to revision.

Figures in this article are not seasonally adjusted.

Scotland rents data are mainly for advertised new lets, which were not subject to Scotland's in-tenancy price increase cap and are not subject to temporary changes to the Rent Adjudication system. See the More data on the housing market section for further details on Scotland's rents data.

Average house price in Inverclyde was £127,000 in February 2024

The provisional average house price in Inverclyde in February 2024 was £127,000. This was higher than the average of £111,000 in February 2023 (revised), a 13.8% rise.

Across Scotland, the average house price in February 2024 was £188,000, which was more than a year earlier (£178,000).

Across Great Britain, a home sold for an average of £283,000 in February 2024, which was in line with the February 2023 average of £284,000.

In the year to February 2024, the average price for semi-detached properties in Inverclyde rose by 16.0%, while the average price for flats increased by 13.0%.

For each property type, average prices as of February 2024 in Inverclyde were:

• Detached properties: £298,000
• Semi-detached properties: £150,000
• Terraced properties: £119,000
• Flats and maisonettes: £89,000

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Average private rents rose in Renfrewshire/Inverclyde

Inverclyde is in the broad rental market area of Renfrewshire/Inverclyde.

Private rents in Renfrewshire/Inverclyde averaged at £742 a month in March 2024. This was an increase from £669 in March 2023, a 10.9% rise.

Across Scotland, the average monthly rent was £947, up from £857 a year earlier.

Across Great Britain, the average rent price in March 2024 was £1,246, which was up from £1,142 in March 2023.

In Renfrewshire/Inverclyde, average rents on detached properties rose by 12.7%, while for semi-detached properties, the average increased by 9.9%.

For four-or-more bed properties, average rents rose by 12.1%, while the average for one bed properties increased by 9.4%.

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First-time buyers in Inverclyde paid £103,000 on average in February 2024

The provisional average price paid by first-time buyers was £103,000 in February 2024. This was higher than the revised February 2023 average of £91,000.

In comparison, home-movers in Inverclyde paid an average of £155,000 in February 2024. This was higher than £136,000 a year earlier.

In February 2024, the average price was £228,000 in Scotland and £326,000 in Great Britain.

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Average house price for mortgage buyers rose in Inverclyde

The average price of a home bought with a mortgage in Inverclyde was £135,000 in February 2024 (provisional). This was higher than an average of £118,000 in February 2023 (revised).

Across Scotland, the average price of a home bought with a mortgage was £196,000, up from £185,000 a year earlier.

Across Great Britain, the average price for buying with a mortage in February 2024 was £292,000, which was in line with an average of £293,000 in February 2023.

For cash buyers in Inverclyde, the average was £114,000 in February 2024 (provisional), which was up from a revised figure of £101,000 a year earlier.

In February 2024, the average was £171,000 in Scotland and £266,000 in Great Britain.

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More data about Inverclyde

Explore more local data for Inverclyde.

More data on the housing market

This article is regularly updated with the most recent rents and house prices information. The full time series for rental prices can be found in our associated data releases. The full time series for house prices can be found in the UK House Price Index reports on gov.uk.

You can also read our most recent Private rent and house prices bulletin.

The methods used to produce the rental prices can be found in the Price Index of Private Rents Quality and Methodology Information. The methods used to produce the house prices can be found in the House Price Index Quality and Methodology Information.

Because of data collection limitations, Scotland rents data (underlying the PIPR's stock measure) are mainly for advertised new lets, which were not subject to Scotland's in-tenancy price increase cap and are not subject to temporary changes to the Rent Adjudication system. We advise users to bear this in mind when interpreting estimates for Scotland and comparing with other UK countries (see Section 9: Measuring the data).

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About this article

The content in this article is generated using semi-automated journalism, based on rules pre-programmed by Office for National Statistics (ONS) staff.

This is a new product in Beta release, intended to improve the accessibility of housing market data at local level. Send us feedback about this page or contact the housing analysis team by emailing hpi@ons.gov.uk.

Articles are not available for Isles of Scilly and City of London, as the survey samples of the resident population are too small.