South Lanarkshire house prices increased slightly in November

House prices increased slightly, by 0.6%, in South Lanarkshire in November, new figures show.
General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.
General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.

House prices increased slightly, by 0.6%, in South Lanarkshire in November, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 0.6% over the last year.

The average South Lanarkshire house price in November was £166,065, Land Registry figures show – a 0.6% increase on October.

Over the month, the picture was similar to that across Scotland, where prices increased 1.1%, and South Lanarkshire was above the 0.8% drop for the UK as a whole.

Over the last year, the average sale price of property in South Lanarkshire rose by £920 – putting the area 18th 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 10.5%, to £175,000. At the other end of the scale, properties in the Orkney Islands lost 12.4% of their value, giving an average price of £189,000.

First steps on the property ladder

First-time buyers in South Lanarkshire spent an average of £127,970 on their property – £810 less than a year ago, but £27,180 more than in November 2018.

By comparison, former owner-occupiers paid £205,500 on average in November – 60.6% more than first-time buyers.

Property types

Owners of detached houses saw the biggest rise in property prices in South Lanarkshire in November – they increased 1.7%, to £337,470 on average. Over the last year, prices rose by 4.3%.

Among other types of property:

Semi-detached:
Terraced:
Flats:

How do property prices in South Lanarkshire compare?

Buyers paid 14.4% less than the average price in Scotland (£194,000) in November for a property in South Lanarkshire. Across Scotland, property prices are low compared to those across the UK, where the average cost is £285,000.

The most expensive properties in Scotland were in Edinburgh – £345,000 on average, and 2.1 times the price as in South Lanarkshire. Edinburgh properties cost 2.7 times the price as homes in North Ayrshire (£128,000 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 November

  • South Lanarkshire: £166,065
  • Scotland:£194,006
  • UK: £284,950

Annual change to November

  • South Lanarkshire: +0.6%
  • Scotland: +2.2%
  • UK: -2.1%

Highest and lowest annual growth in Scotland

  • Na h-Eileanan Siar: +10.5%
  • The Orkney Islands: -12.4%