New figures were published last week showing significant positivity in the housing market. This comes by way of an unprecedented rise in the average asking price of properties. Since the General Election in December it would appear confidence has returned to the market, leading to a new record in property asking prices. But, is an increase in house prices a good thing?
For obvious reasons such as Brexit and political uncertainty, house price growth last year was a little stagnant. In fact, figures shared by Post Office Money, found by analysing ONS data, shows there was an increase of only 0.9% across the UK. This saw the average home in 2019 cost £282,713. But the figures also reveal a couple of regions across the country where growth outstripped the national average and reached double figures. We look at some of these areas and the new build homes you can find there…
