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Figures from the Land Registry show that house prices across the region have risen steadily over the last year.
Despite a mixed message about the state of the current market, house prices rises continue to be underpinned by a lack of supply. The shortage of new build properties, and the volume of housing that has become private rented property have both contributed to the shortage.
As a result house prices now stand at an avergae price of £155,268 for all house types (including apartments), compared with £151, 414 a year ago. A rise of 2.54%.
If you are thinking of selling or would just like an update on your property value, then please feel free to contact James and the team at Belong.
(Source of data HM Land Regsistry)
