House prices on the increase

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

The latest available figures, for January 2016, show the value of the average house in South Lanarkshire has shot up from £112,279 to £120,145.

The figures come from government stat i s t i c s released by Registers of Scotland as part of their involvement in the new UK House Price Index, which is published every month.

The latest monthly report shows there were 535 sales in South Lanarkshire during the month of November.

There were 8594 sales across Scotland. Due to the time between completion and registration of sales, volume figures for the most recent two months are not available.

Registers of Scotland director of commercial services Kenny Crawford said: “Average prices continue to hold steady. January 2017 has continued the general upward trend seen in 2016, when every month – with the exception of March – showed an increase in average price.”