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South Lanarkshire Sees Average Property Prices Rise

There were 674 residential property sales in South Lanarkshire during June 2017, placing the local authority in the top five in Scotland in terms of sales volumes. The other top five places were taken by Glasgow City (1,224 sales), the City of Edinburgh (1,216 sales), Fife (704 sales) and North Lanarkshire (561 sales).

These figures were revealed in the latest monthly UK House Price Index (UK HPI), which also found that the average price of a property in Scotland in August 2017 was £146,354. This is an increase of 3.9% on August in the previous year and a decrease of 0.7% when compared to the previous month.
House prices in South Lanarkshire have risen by an average of 7.9% over the year, from £115,626 in August 2016 to £124,757 in August this year.
The City of Glasgow experienced a slightly smaller rise, with house prices rising by an average of 5.7%, from £118,911 in August last year, to an average of £125,634 this year.
The biggest price increase was seen in the City of Edinburgh, where the average price increased by 10.4% to £246,611.
Across Scotland, all property types, with the exception of detached properties, showed an increase in average price in August 2017 when compared with the same month in the previous year. Flatted properties showed the biggest increase, rising by 8.4% to £108,772. The average price of detached properties decreased by 1.9% to £240,241.
“Average prices in Scotland also continued their upward trend in August with an increase of 3.9 per cent when compared to August 2016,” commented Registers of Scotland registration and transformation director Charles Keegan. “Average prices have been steadily increasing each month since March 2016, when compared with the same month of the previous year.”

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