North-west sees property values rise by 1.7%

North-west sees property values rise by 1.7%

Property prices in the north-west increased by 1.7% from April to May 2013.

Summary:

  • House values in the north-west rose by 1.7% between April and May
  • They also climbed by 0.6% from May 2012
  • The average price of a property in the region is £165,165

May saw positive signs in the property market for the north-west of England, with house values increasing by 1.7% from April.

This is according to the latest Rightmove House Price Index, which revealed the average cost of a property in the north-west in May is £165,165, which is a rise form £162,386 last month.

These figures also represent a 0.6% increase in value from May 2012; during this month last year, properties in the region were typically £164,228.

Rightmove Director and Housing Market Analyst Miles Shipside said: “Agents in most of the country are reporting strong demand for well-priced and decent-quality stock.”

National statistics show the average asking price for a property rose by 2.1% from April to May, taking values to £249,841 from £244,706.

Last month’s report revealed a monthly change of 0.9% in house values in the north-west, while they also rose by 3% year-on-year.

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