Property prices in South Ayrshire

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Latest prices in South Ayrshire for Detached properties

The latest figures show that the average price for a Detached property in South Ayrshire has now reached £307,554 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 Detached property have increased substantially over the longer term in South Ayrshire. Back in January 2004, prices for this type of property averaged £145,887 based on sales at the time. Fast forward to January 2024, and averages reached £307,052 - representing a growth of 110.00000000000001% over 20 years.

This substantial monumental percentage rise in Detached 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 Detached homes in South Ayrshire 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.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Detached prices in South Ayrshire over the last 12 months

DatePrice
Mar 2023£290,486
Apr 2023£284,901
May 2023£287,369
Jun 2023£288,752
Jul 2023£290,662
Aug 2023£290,809
Sep 2023£296,312
Oct 2023£296,745
Nov 2023£295,401
Dec 2023£293,849
Jan 2024£307,052
Feb 2024£307,554

Recent trends for prices in South Ayrshire

The latest figures from February 2024 indicate the property market in South Ayrshire continues to show rising price trends. Compared to January, 2024, average prices increased by 0.6% to £176,095. On an annual basis, average property prices have increased 7.1% since 12 months ago.

In terms of sales activity, there were 179 residential property transactions completed in South Ayrshire during February, 2024. Of these purchases, 103 were financed with a mortgage while 76 were all-cash sales. For cash buyers, average prices have changed by 0.5% since January, 2024, coming in at around £159,283. For properties purchased with a mortgage, the average price changed by 0.7% since January, 2024, to £187,307.

Compared to the overall picture in its national parent Scotland, the average property price in South Ayrshire are lower than the current national average of £187,807. While South Ayrshire saw a change of 0.6% 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%, less than the 7.1% yearly change seen in South Ayrshire.

Interested in purchasing a property in South Ayrshire? 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 South Ayrshire by housing type

Prices last recorded in February, 2024

average

£176,095

detached

£307,554

flat

£99,312

semi-detached

£184,463

terraced

£140,601

Prices by housing type in South Ayrshire

Recent data shows that price growth has varied across different property types in South Ayrshire over the last year. For terraced houses, property prices changed by 0.4% between February 2024 and January 2024 to reach £140,601, and changed by 6.1% over the last 12 months. The annual change was less than the 4.7% change seen for terraced homes in Scotland overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £184,463 in January 2024. This represents a 0.7% 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 South Ayrshire gained 1% month-over-month to reach an average of £307,554. Annually, detached property values have changed by 9.9%. This is stronger price growth compared to Scotland's 7.3% change for detached houses over the year.

For apartments and flats, average prices increased by 0.3% between February and January 2024, hitting £99,312. Over the last 12 months, apartment values have changed by 4.7%, lagging Scotland's flat and apartment growth rate of 4.7%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 9.9%, while flat properties lagged, with a change of 4.7%.

Recent purchases in South Ayrshire

According to data from HM Land Registry, there were 179 completed property purchases in the area of South Ayrshire in February 2024. Of these sales, 76 were recorded as cash purchases whilst 103 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 7.9% and the percentage of properties purchased with cash has changed by 6.2%.

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 south-ayrshire.

All property prices in south-ayrshire

Semi-Detached property prices in south-ayrshire

Terraced property prices in south-ayrshire

Flat & Apartment property prices in south-ayrshire

First Time Buyer prices in south-ayrshire

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