House prices continue to rise
Brexit does not appear to have burst the Rutherglen and Cambuslang housing bubble, as prices continue to rise.
The government has released the property figures for July 2016 – the first full month of data since the June 23 referendum on leaving the EU.
Both the year-on-year and month- to- month figures continue to show that house prices are rising.
The average South Lanarkshire home cost £117,667 in July 2016 – a 6.4 per cent rise from the July 2015 figure of £110,587.
And house prices had a faster growth in July than they did in June – when prices were rising at annual rate of five per cent and the average price was £114,289.
The area continues to lag behind the average Scotlandwide house price, which is £ 143,711 – a rise of 3.4 per cent on the previous year’s figure of £139,051.
For the previous month of June 2016, the average Scottish home cost £143,282 – which was a 4.6 per cent rise on the June 2015 figure of £136,923.