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Housing prices in Orkney Islands

How average house prices and rents are changing in Orkney Islands.

In Orkney Islands:

House price £197,000

The average house price in Orkney Islands was £197,000 in April 2024 (provisional), similar to the revised figure for April 2023. Across Scotland, the average house price rose by 4.5% over the same period.

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Monthly rent £668

Rent data for Scottish areas are for 'broad rental market areas'. Orkney Islands is in the rental area of Highland and Islands.

Private rent prices rose to an average of £668 in May 2024, an annual increase of 3.2% from £647 in May 2023. This was lower than the rise in Scotland (9.3%) over the year.

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First-time buyers £172,000

The average price paid by first-time buyers was £172,000 in April 2024 (provisional). This was 1.4% lower than the average of £175,000 in April 2023 (revised).

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Mortgage buyers £205,000

For homes bought with a mortgage, the average house price was £205,000 in April 2024 (provisional). This was similar to the average in April 2023 (revised).

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Warning:

Local housing data are based on a smaller number of properties than our national estimates. This means that short-term trends are more variable. We advise looking at trends over a year or longer.

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 Orkney Islands was £197,000 in April 2024

The provisional average house price in Orkney Islands in April 2024 was £197,000. This was in line with the average of £199,000 in April 2023 (revised), a 1.0% change.

Annual change in house prices in Orkney Islands

House price annual inflation, Orkney Islands, January 2005 to April 2024

Across Scotland, the average house price in April 2024 was £190,000, which was more than a year earlier (£182,000).

Across Great Britain, a home sold for an average of £284,000 in April 2024, which was up slightly from the April 2023 average of £281,000.

In the year to April 2024, the average price for semi-detached properties in Orkney Islands stayed around the same over the year, while the average price for flats decreased by 2.3%.

Change in house price by type of property in Orkney Islands

Provisional figure for 12-month change in house price, by property type, April 2024

For each property type, average prices as of April 2024 in Orkney Islands were:

  • Detached properties: £263,000
  • Semi-detached properties: £171,000
  • Terraced properties: £151,000
  • Flats and maisonettes: £115,000

Average private rents rose in Highland and Islands

Orkney Islands is in the broad rental market area of Highland and Islands.

Private rents in Highland and Islands averaged at £668 a month in May 2024. This was an increase from £647 in May 2023, a 3.2% rise.

Annual change in rents in Highland and Islands

Private rental price annual inflation, Highland and Islands, January 2016 to May 2024

Across Scotland, the average monthly rent was £957, up from £876 a year earlier.

Across Great Britain, the average rent price in May 2024 was £1,262, which was up from £1,161 in May 2023.

In Highland and Islands, average rents on detached properties rose by 5.6%, while for semi-detached properties and terraced properties, the average increased by 2.2%.

For four-or-more bed properties, average rents rose by 5.3%, while the average for one bed properties increased by 2.2%.

Change in average rents by bedroom number in Highland and Islands

Monthly private rental price, annual inflation, May 2024

By how many bedrooms there are in a property, average rents as of May 2024 in Highland and Islands were:

  • One bedroom: £477
  • Two bedrooms: £647
  • Three bedrooms: £868
  • Four or more bedrooms: £1,384

Taking the data instead by property type, average rents were:

  • Flats and maisonettes: £577
  • Terraced properties: £686
  • Semi-detached properties: £751
  • Detached properties: £989

First-time buyers in Orkney Islands paid £172,000 on average in April 2024

The provisional average price paid by first-time buyers was £172,000 in April 2024. This was slightly lower than the revised April 2023 average of £175,000.

First-time buyer house price in Orkney Islands compared with Scotland

Average house price for first-time buyers in April 2024

In comparison, home-movers in Orkney Islands paid an average of £220,000 in April 2024. This was in line with £222,000 a year earlier.

In April 2024, the average price was £229,000 in Scotland and £326,000 in Great Britain.

We do not produce figures for first-time buyer prices by type of property. Average house prices by property type for price paid data are available above.

Average house price for mortgage buyers stayed level in Orkney Islands

The average price of a home bought with a mortgage in Orkney Islands was £205,000 in April 2024 (provisional). This was in line with an average of £207,000 in April 2023 (revised).

Across Scotland, the average price of a home bought with a mortgage was £199,000, up from £189,000 a year earlier.

Across Great Britain, the average price for buying with a mortage in April 2024 was £293,000, which was up slightly from an average of £289,000 in April 2023.

Price paid when buying with a mortgage or cash in Orkney Islands

Average house price in April 2024

For cash buyers in Orkney Islands, the average was £189,000 in April 2024 (provisional), which was in line with a revised figure of £191,000 a year earlier.

In April 2024, the average was £173,000 in Scotland and £266,000 in Great Britain.

More data about Orkney Islands

Explore more local data for Orkney Islands.

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).

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.

We will add Northern Ireland data to this tool following the release of more granular private rent price statistics for Northern Ireland, which we aim to do in March 2025.

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