Monday, December 6, 2021
UK

Average house prices in Calderdale rise 7.7%

Average house

Over the last year, the average sale price of property in Calderdale increased by £28,000 – putting the area second among Yorkshire and The Humber’s 24 local authorities for annual growth

House prices in Calderdale rose, with the average house price in March reaching £173,977, Land Registry figures show – a 7.7% rise on February.

The significant boost contributes to the longer-term trend, which has seen property prices in the area achieve 18.8% annual growth.

Over the month, the picture was better than that across Yorkshire and The Humber, where prices rose 3.4%, and Calderdale outperformed the 1.8% rise for the UK as a whole.

Over the last year, the average sale price of property in Calderdale increased by £28,000 – putting the area second among Yorkshire and The Humber’s 24 local authorities for annual growth.

The best annual growth in the region was in Ryedale, where property prices rose on average by 20.1%, to £283,000. At the other end of the scale, properties in Craven added 2.6% in value, giving an average price of £219,000.

Owners of terraced houses saw the biggest improvement in property prices in Calderdale in March – they rose 7.9%, to £146,326 on average. Over the last year, prices increased by 19.5%.

First-time buyers (FTBs) in Calderdale spent an average of £150,000 on their property – £23,000 more than a year ago, and £37,000 more than in March 2016.

By comparison, former owner-occupiers paid £194,000 on average in March – 29.4% more than FTBs.

Buyers paid 7.7% less than the average price in Yorkshire and The Humber (£189,000) in March for a property in Calderdale. Across Yorkshire and The Humber, property prices are low compared to those across the UK, where the average cost £256,000.

The most expensive properties in Yorkshire and The Humber were in Harrogate – £318,000 on average, and 1.8 times as much as in Calderdale. Harrogate properties cost 2.6 times as much as homes in Hull (£121,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average March sale price of £1.3 million could buy 14 properties in Burnley (average £94,000).

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

thirteen + 6 =