House prices con­tinue to rise

Rutherglen Reformer - - News - Staff re­porter

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.

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