South Lanarkshire house prices increased more than Scotland average in July
House prices increased by 1.4% – more than the average for Scotland – in South Lanarkshire in July, new figures show.
The rise contributes to the longer-term trend, which has seen property prices in the area grow by 2% over the last year.
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Hide AdThe average South Lanarkshire house price in July was £167,520, Land Registry figures show – a 1.4% increase on June.
Over the month, the picture was similar to that across Scotland, where prices increased 1.1%, and South Lanarkshire was above the 0.5% rise for the UK as a whole.
Over the last year, the average sale price of property in South Lanarkshire rose by £3,200 – putting the area 11th among Scotland’s 32 local authorities with price data for annual growth.
The highest annual growth in the region was in Na h-Eileanan Siar, where property prices increased on average by 22.3%, to £186,000. At the other end of the scale, properties in West Dunbartonshire lost 7% of their value, giving an average price of £133,000.
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Hide AdFirst steps on the property ladder
First-time buyers in South Lanarkshire spent an average of £130,100 on their property – £1,900 more than a year ago, and £29,200 more than in July 2018.
By comparison, former owner-occupiers paid £205,600 on average in July – 58.1% more than first-time buyers.
Property types
Owners of detached houses saw the biggest rise in property prices in South Lanarkshire in July – they increased 1.8%, to £332,416 on average. Over the last year, prices rose by 3.6%.
Among other types of property:
How do property prices in South Lanarkshire compare?
Buyers paid 12.7% less than the average price in Scotland (£192,000) in July for a property in South Lanarkshire. Across Scotland, property prices are low compared to those across the UK, where the average cost is £290,000.
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Hide AdThe most expensive properties in Scotland were in Edinburgh – £333,000 on average, and twice the price as in South Lanarkshire. Edinburgh properties cost 2.6 times the price as homes in East Ayrshire (£126,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in July
- South Lanarkshire: £167,520
- Scotland:£191,870
- UK: £289,824
Annual growth to July
- South Lanarkshire: +2%
- Scotland: +0.1%
- UK: +0.6%
Highest and lowest annual growth in Scotland
- Na h-Eileanan Siar: +22.3%
- West Dunbartonshire: -7%