House prices rise 3%
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.