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Argyll and Bute · report

Past price cycles in Argyll and Bute

Sale prices have fallen by 3% or more 12 times since 2004. The deepest began in October 2007.

Deepest fall
−22.7%
Recovery from the low
94 months

Prices in Argyll and Bute and the UK, indexed

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

  • Argyll and Bute
  • United Kingdom
  • 100 = January 2004
Show the numbers
PeriodArgyll and ButeUnited Kingdom
Aug 2026262.1216.4
Jul 2026258.9215.7
Jun 2026245.4214.5
May 2026246.0215.7
Apr 2026248.8214.7
Mar 2026253.1212.9
Feb 2026247.4213.5
Jan 2026249.6213.0
Dec 2025256.5212.4
Nov 2025260.5214.4
Oct 2025258.9213.8
Sep 2025250.1213.6
Aug 2025252.8214.4
Jul 2025249.8213.1
Jun 2025252.7211.4
May 2025245.0209.3
Apr 2025241.1206.2
Mar 2025233.3212.4
Feb 2025232.5209.8
Jan 2025229.6210.0
Dec 2024240.1209.2
Nov 2024242.5209.6
Oct 2024236.7210.2
Sep 2024232.6209.8
Aug 2024227.1210.1
Jul 2024235.3208.0
Jun 2024229.6205.7
May 2024234.2204.9
Apr 2024232.4203.3
Mar 2024237.3202.2
Feb 2024234.4201.8
Jan 2024230.9202.9
Dec 2023233.3203.0
Nov 2023234.5204.8
Oct 2023240.7206.2
Sep 2023240.4207.1
Aug 2023238.9208.1
Jul 2023236.5207.0
Jun 2023228.4204.7
May 2023228.6203.9
Apr 2023229.2203.3
Mar 2023237.5202.8
Feb 2023239.8205.1
Jan 2023241.1206.8
Dec 2022243.7208.6
Nov 2022251.0210.3
Oct 2022252.2210.6
Sep 2022252.1210.6
Aug 2022245.2210.1
Jul 2022243.4208.4
Jun 2022231.2204.6
May 2022229.0202.1
Apr 2022220.8199.8
Mar 2022227.4197.5
Feb 2022227.0196.8
Jan 2022234.9196.6
Dec 2021229.8194.3
Nov 2021228.6193.3
Oct 2021209.1189.6
Sep 2021207.9194.5
Aug 2021201.4188.9
Jul 2021207.8183.4
Jun 2021195.9192.4
May 2021197.2182.7
Apr 2021195.1181.5
Mar 2021203.6184.2
Feb 2021198.8181.5
Jan 2021203.4181.0
Dec 2020195.5181.0
Nov 2020193.3179.6
Oct 2020185.4177.8
Sep 2020183.2176.3
Aug 2020181.1174.5
Jul 2020174.8172.8
Jun 2020173.1171.4
May 2020170.5169.0
Apr 2020175.7168.1
Mar 2020178.2169.9
Feb 2020183.1168.4
Jan 2020187.5169.3
Dec 2019192.0169.2
Nov 2019193.2169.4
Oct 2019189.9170.0
Sep 2019184.1170.5
Aug 2019178.2170.4
Jul 2019175.5169.8
Jun 2019175.1167.9
May 2019176.6167.2
Apr 2019178.1167.0
Mar 2019179.4165.8
Feb 2019178.5166.3
Jan 2019178.8166.7
Dec 2018182.1167.7
Nov 2018183.1168.1
Oct 2018183.7168.8
Sep 2018179.4169.0
Aug 2018179.2169.3
Jul 2018175.3168.8
Jun 2018177.3166.7
May 2018173.9165.6
Apr 2018176.2164.9
Mar 2018173.5163.4
Feb 2018177.1164.4
Jan 2018179.2163.9
Dec 2017178.2164.5
Nov 2017172.1163.9
Oct 2017170.7164.3
Sep 2017173.5164.2
Aug 2017171.7164.8
Jul 2017170.1164.1
Jun 2017166.4162.0
May 2017167.2160.6
Apr 2017163.6159.6
Mar 2017158.1157.1
Feb 2017160.8157.5
Jan 2017162.1157.1
Dec 2016164.7157.3
Nov 2016167.2157.0
Oct 2016166.2156.3
Sep 2016165.8156.8
Aug 2016164.8157.1
Jul 2016167.0157.1
Jun 2016169.0155.4
May 2016168.0153.9
Apr 2016164.9152.2
Mar 2016165.8151.6
Feb 2016159.4150.1
Jan 2016161.9150.0
Dec 2015162.5149.6
Nov 2015169.6149.1
Oct 2015173.7148.0
Sep 2015172.1147.8
Aug 2015169.9147.5
Jul 2015164.0146.1
Jun 2015162.1143.7
May 2015171.1142.6
Apr 2015174.2141.1
Mar 2015180.1139.8
Feb 2015166.8139.3
Jan 2015170.0139.2
Dec 2014162.6139.9
Nov 2014161.4139.6
Oct 2014154.1140.1
Sep 2014157.4140.3
Aug 2014163.2140.1
Jul 2014160.2138.5
Jun 2014156.8136.6
May 2014154.4135.4
Apr 2014153.1134.0
Mar 2014151.2131.1
Feb 2014153.7130.6
Jan 2014167.0130.1
Dec 2013169.4129.9
Nov 2013166.8128.7
Oct 2013158.9128.0
Sep 2013158.1128.6
Aug 2013158.8128.5
Jul 2013158.2127.5
Jun 2013158.2126.0
May 2013160.0125.0
Apr 2013157.2124.4
Mar 2013155.5123.1
Feb 2013149.6122.4
Jan 2013152.2122.4
Dec 2012156.8123.3
Nov 2012162.8123.5
Oct 2012163.3123.4
Sep 2012161.6124.3
Aug 2012158.2124.8
Jul 2012155.3124.6
Jun 2012160.0124.1
May 2012162.5122.9
Apr 2012159.4122.5
Mar 2012154.7121.2
Feb 2012152.7120.8
Jan 2012158.0121.1
Dec 2011158.3122.0
Nov 2011162.2122.5
Oct 2011167.9122.4
Sep 2011172.1123.8
Aug 2011170.2124.1
Jul 2011166.4124.0
Jun 2011161.4122.5
May 2011160.2122.3
Apr 2011156.1122.8
Mar 2011163.2120.9
Feb 2011165.7121.5
Jan 2011168.2122.1
Dec 2010169.0123.2
Nov 2010169.2123.4
Oct 2010175.6124.9
Sep 2010171.6126.3
Aug 2010172.4126.6
Jul 2010169.9126.6
Jun 2010166.7125.3
May 2010167.2124.7
Apr 2010173.3124.1
Mar 2010170.9122.6
Feb 2010168.6122.6
Jan 2010160.1122.3
Dec 2009163.9122.7
Nov 2009167.3121.9
Oct 2009172.0121.5
Sep 2009172.1120.7
Aug 2009170.3119.7
Jul 2009165.0118.6
Jun 2009160.9116.5
May 2009157.2115.4
Apr 2009159.5113.8
Mar 2009160.7112.8
Feb 2009169.9113.5
Jan 2009160.7114.8
Dec 2008171.8117.5
Nov 2008166.7119.3
Oct 2008177.9122.8
Sep 2008171.6125.3
Aug 2008174.8128.6
Jul 2008177.7131.3
Jun 2008174.2132.7
May 2008173.5134.5
Apr 2008168.8133.7
Mar 2008173.4133.5
Feb 2008171.9134.5
Jan 2008168.5135.6
Dec 2007173.8138.1
Nov 2007181.1138.3
Oct 2007193.4138.4
Sep 2007186.3138.7
Aug 2007182.0138.6
Jul 2007174.6137.8
Jun 2007178.1136.0
May 2007176.1134.6
Apr 2007178.3133.0
Mar 2007180.2130.4
Feb 2007181.7129.4
Jan 2007175.9129.0
Dec 2006166.1129.1
Nov 2006157.9127.5
Oct 2006161.0126.8
Sep 2006163.8126.1
Aug 2006163.4125.6
Jul 2006158.4124.6
Jun 2006151.6122.8
May 2006148.3121.6
Apr 2006138.9120.5
Mar 2006135.7117.9
Feb 2006133.7117.0
Jan 2006134.3116.8
Dec 2005135.9117.0
Nov 2005138.3116.3
Oct 2005140.6116.0
Sep 2005144.0116.2
Aug 2005145.4116.4
Jul 2005146.4115.9
Jun 2005143.0114.4
May 2005134.0113.5
Apr 2005129.2112.3
Mar 2005127.5110.8
Feb 2005130.4109.9
Jan 2005132.4110.0
Dec 2004125.5110.0
Nov 2004117.3110.9
Oct 2004113.5111.0
Sep 2004116.7110.2
Aug 2004120.6110.4
Jul 2004113.5109.2
Jun 2004106.8106.9
May 200493.2105.0
Apr 200491.2103.8
Mar 200490.999.3
Feb 200497.399.0
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 2004March 2004−9.1%23
August 2004October 2004−5.9%22
January 2005March 2005−3.7%22
July 2005February 2006−8.6%73
September 2006November 2006−3.6%21
February 2007July 2007−3.9%51
October 2007February 2013−22.7%6494
March 2021April 2021−4.2%13
July 2021August 2021−3.1%11
January 2022April 2022−6.0%33
October 2022August 2024−9.9%2210
November 2025June 2026−5.8%72

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 Argyll and Bute

Next 12 months

Sale prices have an 80% chance of landing between £190,259 and £233,794 by August 2027.

Expected, August 2027
£212,026
Chance of a rise
87%

Affordability

At the average sale price, a home costs £192,735. With 10% down and a 30-year mortgage, the payment is £889 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
27%

Buy or rent

Figures for Scotland: Argyll and Bute 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

68.8% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
69
Per 1,000 residents
0.8

Foreign buyers

Figures for United Kingdom: Argyll and Bute 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 490 while 59 homes were finished.

Homes finished, 2025
59
Population change, 2025
−490

Renovation

In 2026, 5% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2026
5%