South Lanarkshire house prices increased more than Scotland average in July

House prices increased by 1.4% – more than the average for Scotland – in South Lanarkshire in July, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 2% over the last year.

The average South Lanarkshire house price in July was £167,520, Land Registry figures show – a 1.4% increase on June.

Over the month, the picture was similar to that across Scotland, where prices increased 1.1%, and South Lanarkshire was above the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in South Lanarkshire rose by £3,200 – putting the area 11th among Scotland’s 32 local authorities with price data for annual growth.

The highest annual growth in the region was in Na h-Eileanan Siar, where property prices increased on average by 22.3%, to £186,000. At the other end of the scale, properties in West Dunbartonshire lost 7% of their value, giving an average price of £133,000.

First steps on the property ladder

First-time buyers in South Lanarkshire spent an average of £130,100 on their property – £1,900 more than a year ago, and £29,200 more than in July 2018.

By comparison, former owner-occupiers paid £205,600 on average in July – 58.1% more than first-time buyers.

Property types

Owners of detached houses saw the biggest rise in property prices in South Lanarkshire in July – they increased 1.8%, to £332,416 on average. Over the last year, prices rose by 3.6%.

Among other types of property:

How do property prices in South Lanarkshire compare?

Buyers paid 12.7% less than the average price in Scotland (£192,000) in July for a property in South Lanarkshire. Across Scotland, property prices are low compared to those across the UK, where the average cost is £290,000.

The most expensive properties in Scotland were in Edinburgh – £333,000 on average, and twice the price as in South Lanarkshire. Edinburgh properties cost 2.6 times the price as homes in East Ayrshire (£126,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in July

• South Lanarkshire: £167,520
• Scotland:£191,870
• UK: £289,824

Annual growth to July

• South Lanarkshire: +2%
• Scotland: +0.1%
• UK: +0.6%

Highest and lowest annual growth in Scotland

• Na h-Eileanan Siar: +22.3%
• West Dunbartonshire: -7%