House prices rise 3%

Rutherglen Reformer - - News - Staff re­porter

Ruther­glen and Cam­bus­lang’s prop­erty mar­ket has been given a boost as it was re­vealed the av­er­age house price rose three per cent over the last year.

The lat­est avail­able fig­ures, for Novem­ber 2016, show the value of the av­er­age house across South La­nark­shire has shot up from £136,627 to £140,844.

That is a rise of 3.08 per cent ac­cord­ing to gov­ern­ment statis­tics re­leased by Reg­is­ters of Scot­land as part of their in­volve­ment in the new UK House Price In­dex, which is pub­lished ev­ery month.

Across Scot­land as a whole, the av­er­age prop­erty was worth £166,416 – down 0.4 per cent from last year’s fig­ure of £167,191.

How­ever, while the yearon- year fig­ures show an in­crease, the av­er­age price of a home in Ruther­glen and Cam­bus­lang has dipped since sum­mer 2016.

Last June the av­er­age price of a home in Ruther­glen and Cam­bus­lang was £151,167, but that has now dropped six per cent to £140,844.

Mean­while, the lat­est monthly re­port shows there were 633 sales in South La­nark­shire. There were 9424 sales across Scot­land.

The to­tal value of the prop­erty mar­ket in South La­nark­shire was £89,154,429.

This was an in­crease of eight per cent from £82,522,522 in 2015.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.