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South Lanarkshire · report

Past price cycles in South Lanarkshire

Sale prices have fallen by 3% or more 6 times since 2004. The deepest began in July 2008.

Deepest fall
−24.8%
Recovery from the low
78 months

Prices in South Lanarkshire and the UK, indexed

Average sale prices, both set to 100 in January 2004.

  • South Lanarkshire
  • United Kingdom
  • 100 = January 2004
Show the numbers
PeriodSouth LanarkshireUnited Kingdom
Aug 2026265.8216.4
Jul 2026265.0215.7
Jun 2026264.6214.5
May 2026258.4215.7
Apr 2026255.2214.7
Mar 2026251.2212.9
Feb 2026254.5213.5
Jan 2026257.6213.0
Dec 2025260.8212.4
Nov 2025257.3214.4
Oct 2025254.3213.8
Sep 2025253.5213.6
Aug 2025255.8214.4
Jul 2025254.0213.1
Jun 2025250.5211.4
May 2025246.5209.3
Apr 2025244.7206.2
Mar 2025242.5212.4
Feb 2025243.6209.8
Jan 2025243.5210.0
Dec 2024242.0209.2
Nov 2024238.8209.6
Oct 2024239.2210.2
Sep 2024240.2209.8
Aug 2024241.8210.1
Jul 2024239.1208.0
Jun 2024237.4205.7
May 2024233.6204.9
Apr 2024231.7203.3
Mar 2024229.3202.2
Feb 2024231.9201.8
Jan 2024233.0202.9
Dec 2023237.0203.0
Nov 2023234.6204.8
Oct 2023233.8206.2
Sep 2023232.2207.1
Aug 2023232.5208.1
Jul 2023234.2207.0
Jun 2023232.6204.7
May 2023229.6203.9
Apr 2023224.2203.3
Mar 2023223.4202.8
Feb 2023224.0205.1
Jan 2023228.9206.8
Dec 2022232.9208.6
Nov 2022235.0210.3
Oct 2022237.5210.6
Sep 2022234.1210.6
Aug 2022234.9210.1
Jul 2022233.4208.4
Jun 2022233.0204.6
May 2022228.3202.1
Apr 2022221.0199.8
Mar 2022219.6197.5
Feb 2022219.5196.8
Jan 2022222.6196.6
Dec 2021221.9194.3
Nov 2021221.8193.3
Oct 2021218.1189.6
Sep 2021215.0194.5
Aug 2021212.5188.9
Jul 2021208.9183.4
Jun 2021203.5192.4
May 2021197.7182.7
Apr 2021196.9181.5
Mar 2021196.9184.2
Feb 2021197.6181.5
Jan 2021198.0181.0
Dec 2020198.4181.0
Nov 2020197.8179.6
Oct 2020193.7177.8
Sep 2020191.2176.3
Aug 2020188.8174.5
Jul 2020187.2172.8
Jun 2020188.5171.4
May 2020187.4169.0
Apr 2020187.1168.1
Mar 2020182.4169.9
Feb 2020179.6168.4
Jan 2020181.4169.3
Dec 2019184.0169.2
Nov 2019187.1169.4
Oct 2019186.8170.0
Sep 2019184.9170.5
Aug 2019184.9170.4
Jul 2019182.8169.8
Jun 2019181.9167.9
May 2019180.0167.2
Apr 2019178.9167.0
Mar 2019180.3165.8
Feb 2019181.7166.3
Jan 2019182.3166.7
Dec 2018183.9167.7
Nov 2018182.8168.1
Oct 2018182.3168.8
Sep 2018180.8169.0
Aug 2018181.2169.3
Jul 2018181.5168.8
Jun 2018179.4166.7
May 2018176.9165.6
Apr 2018176.0164.9
Mar 2018178.7163.4
Feb 2018180.3164.4
Jan 2018180.1163.9
Dec 2017178.5164.5
Nov 2017177.4163.9
Oct 2017179.0164.3
Sep 2017178.3164.2
Aug 2017178.1164.8
Jul 2017174.0164.1
Jun 2017171.4162.0
May 2017171.6160.6
Apr 2017171.4159.6
Mar 2017172.7157.1
Feb 2017169.4157.5
Jan 2017169.4157.1
Dec 2016166.8157.3
Nov 2016166.8157.0
Oct 2016167.7156.3
Sep 2016170.4156.8
Aug 2016170.8157.1
Jul 2016168.2157.1
Jun 2016166.0155.4
May 2016161.5153.9
Apr 2016159.6152.2
Mar 2016157.6151.6
Feb 2016159.0150.1
Jan 2016160.3150.0
Dec 2015159.6149.6
Nov 2015159.9149.1
Oct 2015159.8148.0
Sep 2015160.8147.8
Aug 2015160.4147.5
Jul 2015157.9146.1
Jun 2015155.4143.7
May 2015155.5142.6
Apr 2015157.8141.1
Mar 2015159.3139.8
Feb 2015156.3139.3
Jan 2015153.9139.2
Dec 2014152.2139.9
Nov 2014153.1139.6
Oct 2014152.7140.1
Sep 2014151.9140.3
Aug 2014153.1140.1
Jul 2014151.6138.5
Jun 2014149.5136.6
May 2014145.3135.4
Apr 2014143.0134.0
Mar 2014143.4131.1
Feb 2014144.4130.6
Jan 2014147.1130.1
Dec 2013146.2129.9
Nov 2013146.4128.7
Oct 2013147.1128.0
Sep 2013149.3128.6
Aug 2013149.3128.5
Jul 2013146.8127.5
Jun 2013144.0126.0
May 2013140.4125.0
Apr 2013139.5124.4
Mar 2013140.8123.1
Feb 2013143.7122.4
Jan 2013144.7122.4
Dec 2012144.3123.3
Nov 2012145.9123.5
Oct 2012148.2123.4
Sep 2012150.1124.3
Aug 2012151.3124.8
Jul 2012150.0124.6
Jun 2012147.8124.1
May 2012147.0122.9
Apr 2012146.0122.5
Mar 2012148.5121.2
Feb 2012149.3120.8
Jan 2012153.0121.1
Dec 2011153.4122.0
Nov 2011153.8122.5
Oct 2011155.0122.4
Sep 2011158.9123.8
Aug 2011159.6124.1
Jul 2011158.0124.0
Jun 2011156.7122.5
May 2011156.7122.3
Apr 2011154.7122.8
Mar 2011154.0120.9
Feb 2011157.2121.5
Jan 2011160.2122.1
Dec 2010162.1123.2
Nov 2010159.3123.4
Oct 2010159.2124.9
Sep 2010159.3126.3
Aug 2010160.5126.6
Jul 2010161.6126.6
Jun 2010161.7125.3
May 2010162.0124.7
Apr 2010160.7124.1
Mar 2010158.5122.6
Feb 2010158.6122.6
Jan 2010161.4122.3
Dec 2009162.1122.7
Nov 2009160.9121.9
Oct 2009160.3121.5
Sep 2009158.7120.7
Aug 2009158.2119.7
Jul 2009157.2118.6
Jun 2009157.8116.5
May 2009158.7115.4
Apr 2009158.0113.8
Mar 2009156.8112.8
Feb 2009154.6113.5
Jan 2009158.3114.8
Dec 2008167.2117.5
Nov 2008173.2119.3
Oct 2008177.2122.8
Sep 2008177.6125.3
Aug 2008182.8128.6
Jul 2008185.5131.3
Jun 2008185.0132.7
May 2008181.4134.5
Apr 2008175.0133.7
Mar 2008173.9133.5
Feb 2008174.8134.5
Jan 2008179.1135.6
Dec 2007178.5138.1
Nov 2007178.0138.3
Oct 2007176.4138.4
Sep 2007176.5138.7
Aug 2007176.4138.6
Jul 2007176.2137.8
Jun 2007176.3136.0
May 2007171.1134.6
Apr 2007165.8133.0
Mar 2007158.0130.4
Feb 2007157.6129.4
Jan 2007158.5129.0
Dec 2006159.2129.1
Nov 2006157.6127.5
Oct 2006158.7126.8
Sep 2006162.0126.1
Aug 2006162.9125.6
Jul 2006160.3124.6
Jun 2006158.4122.8
May 2006154.9121.6
Apr 2006148.8120.5
Mar 2006144.8117.9
Feb 2006142.8117.0
Jan 2006143.7116.8
Dec 2005144.1117.0
Nov 2005145.1116.3
Oct 2005147.4116.0
Sep 2005143.6116.2
Aug 2005141.0116.4
Jul 2005134.1115.9
Jun 2005133.7114.4
May 2005130.9113.5
Apr 2005128.8112.3
Mar 2005125.0110.8
Feb 2005123.7109.9
Jan 2005122.9110.0
Dec 2004121.3110.0
Nov 2004119.9110.9
Oct 2004118.8111.0
Sep 2004116.9110.2
Aug 2004116.9110.4
Jul 2004114.0109.2
Jun 2004114.5106.9
May 2004109.0105.0
Apr 2004106.3103.8
Mar 2004101.699.3
Feb 200499.999.0
Jan 2004100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
October 2005February 2006−3.1%42
August 2006November 2006−3.3%35
July 2008April 2013−24.8%5778
November 2019February 2020−4.0%32
October 2022March 2023−5.9%516
December 2025March 2026−3.7%33

The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for South Lanarkshire

Next 12 months

Sale prices have an 80% chance of landing between £188,298 and £214,208 by August 2027.

Expected, August 2027
£201,253
Chance of a rise
93%

Affordability

At the average sale price, a home costs £186,196. With 10% down and a 30-year mortgage, the payment is £859 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
13%
Payment, one income
25%

Buy or rent

Figures for Scotland: South Lanarkshire has no reliable figures of its own.

Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,011
Owning per month
£934

New homes

33.8% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
969
Per 1,000 residents
2.9

Foreign buyers

Figures for United Kingdom: South Lanarkshire has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

People and new homes

In 2025 the population grew by 1,267 while 1,236 homes were finished: 1.0 new residents for every new home.

New residents per new home, 2025
1.0
Population change, 2025
+1,267

Renovation

In 2026, 1% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2026
1%