RAISING THE ROOF
House sales on the up
North Lanarkshire is one of the top five local authority areas for house sales.
Monthly house price index statistics, released last week by Registers of Scotland, reveal that in August, 448 homes were sold in North Lanarkshire – an increase of 23 on last year (5.4 per cent) .
That puts the region in fifth place behind City of Edinburgh (1,190 sales), Glasgow City ( 1,109 sales), Fife ( 632 sales) and South Lanarkshire (553 sales).
The total volume of residential sales Scotland in August 2017 was 9,282 – an increase of 7.4 per cent on August 2016 and an increase of 5.3 per cent on the previous month.
But house prices in North Lanarkshire have remained more or less static.
In October this year, the average house price was £101.125 compared to £101,034 last year – a rise of just 0.1 per cent.
Average price increases were recorded in 29 out of 32 local authorities in October 2017, when comparing prices with the previous year.
The biggest price increases were in Dumfries and Galloway and City of Edinburgh, where the average prices increased by 10.5 per cent to £129,885 and 8.5 per cent to £247,568 respectively.
The biggest decreases were recorded in Inverclyde and Aberdeen City where prices fell by 4.0 per cent for both to £94,985 and £164,655 respectively.
Across Scotland, all property types showed an increase in average price in October 2017 when compared with the same month in the previous year. Semi-detached properties showed the biggest increase, rising by 4.2 per cent to £151,131.
The average price of detached properties showed the smallest increase, 0.9 per cent to £248,482.
The average price in October 2017 for a property purchased by a first time buyer was £116,042 – an increase of 3.4 per cent compared to the same month in the previous year. The average price for a property purchased by a former owner occupier was £172,056 – an increase of 2.3 per cent on the previous year.
Average price increases were recorded in 29 out of 32 local authorities in October this year