Greengates Builders Merchants Accrington, Lancashire asks ‘Are house prices rising in the North West?’
The latest report from the housing intelligence group Hometrack showed that the average cost of a home in England and Wales has increased by 0.2% to £156 700, driven by the rising demand.
The house prices in London rose by 0.4% and the house prices in the South West of England rose by 0.3% in November. All the other regions in England and Wales however only saw increases in house prices of 0.1% or even no change at all.
Richard Donnell the director of research at the housing intelligence group Hometrack, said: "The pick up in market activity over 2009 has been driven by rising demand yet the latest survey shows that new buyer registrations grew by just 0.1% in November, the lowest level since the start of the year. A decline in demand is inevitable in the run-up to Christmas but there are signs that the upward pressure on prices is likely to decline in the months ahead."
The figures found in this recent research by Hometrack shows that it is only really London and the South West of England that have really seen an increase in the house prices. The rest of England however has not been as lucky as the house prices in these other regions have only raised ever so slightly if at all.
Here at Greengates Builders Merchants Accrington, Lancashire we are hoping that house prices are on the up and that they keep increasing in order to help us recover from this economy that we have all long been suffering in. Greengates Builders Merchants Accrington, Lancashire would like to see house prices rise in the regions which have not yet really seen a rise in the housing prices such as the North West of England.