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The Shetland Islands (officially the Shetland Islands Council, Scottish Gaelic: Na h-Eileanan Siar) are an archipelago of over 100 islands and small skerries located just off the northeastern tip of mainland Scotland, 160 kilometres (100 mi) from Aberdeen, 190 km (120 mi) from Bergen in Norway and 240 km (150 mi) from Tórshavn in the Faroe Islands. The island group has a population of around 23,560 (2010) which accounts for 0.2% of Scotland’s total population. The capital of Shetland is Lerwick which has a population of around 7,600. Housing in Shetland is mostly privately owned, with no council housing and very few rentals. Around one third of homes are owned by people, coming from outside of Scotland, mainly England and Scandinavia.
Select a postcode and data overlay to see district boundaries, along with a bird's eye view of Shetland Islands's residential property market. Find easy-to-identify hotspots that meet your unique property investment criteria.
In the centre of Shetland Islands(ZE1) long-let gross yield is 0%, the average rental price is £0/week, the average asking price is £0 and the average price per square foot is £0. There are currently 0 completed property sales per month, with a turnover of 0%. Toggle between postcode districts to see how different areas compare.
Property data for postcode district ZE1. Last updated 2022-07-07T07:14:55.961Z
Property data for postcode district ZE1. Last updated 2022-07-07T07:14:55.961Z
Property data for postcode district ZE1. Last updated 2022-07-07T07:14:55.961Z
| Year | Population |
|---|---|
| 2021 | 22,992 |
| 2022 | 22,982 |
| 2023 | 22,973 |
| 2024 | 22,956 |
| 2025 | 22,919 |
| 2026 | 22,896 |
| 2027 | 22,872 |
| 2028 | 22,824 |
| 2029 | 22,773 |
| 2030 | 22,709 |
| 2031 | 22,644 |
| 2032 | 22,566 |
| 2033 | 22,488 |
| 2034 | 22,419 |
| 2035 | 22,336 |
| 2036 | 22,253 |
| 2037 | 22,164 |
| 2038 | 22,073 |
| 2039 | 21,983 |
| 2040 | 21,884 |
| 2041 | 21,781 |
| 2042 | 21,681 |
| 2043 | 21,579 |
Population projection for Shetland Islands. Data from national population projections last updated on January, 2019 by Office for National Statistics. Next update due on January, 2022
In February 2022, the average price for a house in the Shetland Islands stood at £176,071. The house price index stood at 131.94. Property prices across the Shetland Islands fell by 0.31% when compared to the month prior, an increase of 0.30% when compared to the previous year.
The UK House Price Index or HPI uses sold price data from HM Land Registry, Registers of Scotland Land and Property Services of Northern Ireland. It is calculated by the Office for National Statistics (ONS).