Latest prices in Clackmannanshire for flats and apartments
The latest figures show that the average price for a Flat & Apartment property in Clackmannanshire has now reached £86,291 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.
Average prices for a Flat & Apartment property have increased substantially over the longer term in Clackmannanshire. Back in January 2004, prices for this type of property averaged £41,981 based on sales at the time. Fast forward to January 2024, and averages reached £87,577 - representing a growth of 109.00000000000001% over 20 years.
This substantial monumental percentage rise in Flat & Apartment property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Flat & Apartment homes in Clackmannanshire over the past 2 decades.
Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.
Flat & Apartment prices in Clackmannanshire over the last 12 months
Date
Price
Apr 2023
£81,567
Apr 2023
£81,567
May 2023
£82,705
Jun 2023
£84,650
Jul 2023
£85,886
Aug 2023
£88,779
Sep 2023
£90,304
Oct 2023
£92,164
Nov 2023
£89,441
Dec 2023
£87,359
Jan 2024
£87,577
Feb 2024
£86,291
Recent trends for prices in Clackmannanshire
The latest figures from February 2024 indicate the property market in Clackmannanshire continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.2% to £164,946. On an annual basis, average property prices have increased 4.8% since 12 months ago.
In terms of sales activity, there were 73 residential property transactions completed in Clackmannanshire during February, 2024. Of these purchases, 39 were financed with a mortgage while 34 were all-cash sales. For cash buyers, average prices have changed by -0.3% since January, 2024, coming in at around £148,365. For properties purchased with a mortgage, the average price changed by -0.2% since January, 2024, to £173,163.
Compared to the overall picture in its national parent Scotland, the average property price in Clackmannanshire are lower than the current national average of £187,807. While Clackmannanshire saw a change of -0.2% over the last month, Scotland as a whole recorded a percentage change of -0.6% in average property values. And on an annual basis, prices across Scotland have grown by 5.6%, more than the 4.8% yearly change seen in Clackmannanshire.
Interested in purchasing a property in Clackmannanshire? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Clackmannanshire by housing type
Prices last recorded in February, 2024
average
£164,946
detached
£303,931
flat
£86,291
semi-detached
£173,349
terraced
£127,544
Prices by housing type in Clackmannanshire
Recent data shows that price growth has varied across different property types in Clackmannanshire over the last year. For terraced houses, property prices changed by -0.2% between February 2024 and January 2024 to reach £127,544, and changed by 3.7% over the last 12 months. The annual change was greater than the 4.7% change seen for terraced homes in Scotland overall.
Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £173,349 in January 2024. This represents a -0.1% change from the same month last year.This is outperforming the 6.4% annual change in semi-detached values across the country.
Detached homes in Clackmannanshire lost -0.1% month-over-month to reach an average of £303,931. Annually, detached property values have changed by 6.5%. This is weaker price growth compared to Scotland's 7.3% change for detached houses over the year.
For apartments and flats, average prices decreased by -0.5% between February and January 2024, hitting £86,291. Over the last 12 months, apartment values have changed by 2.2%, lagging Scotland's flat and apartment growth rate of 4.7%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 6.7%, while flat properties lagged, with a change of 2.2%.
Recent purchases in Clackmannanshire
According to data from HM Land Registry, there were 73 completed property purchases in the area of Clackmannanshire in February 2024. Of these sales, 34 were recorded as cash purchases whilst 39 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 5.2% and the percentage of properties purchased with cash has changed by 3.8%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in clackmannanshire.
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