Scottish Social Housing Tender Price Index (SSHTPI) quarterly report: September 2024

Information on the Scottish Social Housing Tender Price Index (SSHTPI) and Quarterly Report for September 2024.


 Background

  • the index increased in 4Q 2023 to 2024 following two consecutive quarters of decline but is still 2.7% below the figure for 4Q 2023 to 2024.
  • the 3Q 2023 to 2024 figure is now firm and is based on a sample of 22 projects and shows a fall of 3.3% compared with 2Q 2023 to 2024 and a fall of 1.0% when compared with 2Q 2022 to 2023.
  • the 4Q 2023 to 2024 figure is currently provisional, based on 20 projects, and may be subject to revision.
  • underlying construction costs of labour, materials, and plant, as measured by the BCIS General Building Cost Index, rose 0.7% quarter-on-quarter in 1Q 2024 to 2025 increased by 3.4% when compared with the same quarter a year earlier.
  • over the year to 1Q 2024 to 2025 underlying inflation, as measured by the Consumer Prices Index (CPI), rose by 2.1%.

Table 1: SSHTPI Quarterly Index

Published index base 1985 = 100

Financial quarter notes: 1Q = first quarter April to June; 2Q = second quarter July to September; 3Q = third quarter October to December; 4Q = fourth quarter January to March.

Calendar quarter

Financial quarter

Index value

Sample size

Status

4Q 2016

3Q 2016-2017

257

22

Firm

1Q 2017

4Q 2016-2017

262

53

Firm

2Q 2017

1Q 2017-2018

273

7

Firm

3Q 2017

2Q 2017-2018

288

20

Firm

4Q 2017

3Q 2017-2018

280

36

Firm

1Q 2018

4Q 2017-2018

271

45

Firm

2Q 2018

1Q 2018-2019

276

22

Firm

3Q 2018

2Q 2018-2019

284

22

Firm

4Q 2018

3Q 2018-2019

288

38

Firm

1Q 2019

4Q 2018-2019

292

48

Firm

2Q 2019

1Q 2019-2020

292

22

Firm

3Q 2019

2Q 2019-2020

298

31

Firm

4Q 2019

3Q 2019-2020

303

42

Firm

1Q 2020

4Q 2019-2020

299

36

Firm

2Q 2020

1Q 2020-2021

292

6

Firm

3Q 2020

2Q 2020-2021

294

20

Firm

4Q 2020

3Q 2020-2021

304

22

Firm

1Q 2021

4Q 2020-2021

312

24

Firm

2Q 2021

1Q 2021-2022

322

7

Firm

3Q 2021

2Q 2021-2022

321

11

Firm

4Q 2021

3Q 2021-2022

331

26

Firm

1Q 2022

4Q 2021-2022

355

23

Firm

2Q 2022

1Q 2022-2023

362

16

Firm

3Q 2022

2Q 2022-2023

386

17

Firm

4Q 2022

3Q 2022-2023

386

23

Firm

1Q 2023

4Q 2022-2023

402

20

Firm

2Q 2023

1Q 2023-2024

409

22

Firm

3Q 2023

2Q 2023-2024

395

22

Firm

4Q 2023

3Q 2023-2024

382

22

Firm

1Q 2024

4Q 2023-2024

392

20

Provisional

Source: Scottish Government

Note: The quarterly index is a smoothed, trimmed geometric mean of the normalised project index (see note on calculation).

Table 2: SSHTPI Location Indices

Calendar quarter 2Q 2024, Financial quarter 1Q 2024 to 2025, Publication quarter 3Q2024

Location Code

Location

Index Value

Sample Size

Status

M

Mainland

100

295

Provisional

MA

Scottish Borders

123

7

Provisional

MB

Clackmannanshire, Stirling, Falkirk

86

14

Provisional

MC

Dumfries and Galloway

104

9

Provisional

MD

Fife

89

27

Provisional

ME

Aberdeenshire and Moray

101

40

Provisional

MF

Aberdeen City

71

6

Provisional

MG

Highland

114

32

Provisional

MH

West Coast

132

9

Provisional

MJ

City of Edinburgh

98

9

Provisional

MK

Lothian

94

35

Provisional

ML

City of Glasgow

92

15

Provisional

MM

Ayrshire

103

21

Provisional

MN

Glasgow Environs

86

28

Provisional

MP

South Lanarkshire

102

10

Provisional

MQ

Dundee City

108

8

Provisional

MR

Angus, Perth and Kinross

96

25

Provisional

Z

Island

103

19

Provisional

ZA

Orkney Islands

92

7

Provisional

ZB

Shetland Islands

130

7

Provisional

Note: the location indices are calculated over 15 quarters and are based on the Scottish mean = 100 (See note on calculation). Sample sizes <=4 they are not included in Table 2.

Contact

Jeff Bell

Email: Jeff.Bell@gov.scot

Rosemary Craig

Email: Rosemary.Craig@gov.scot

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