Index >>

News

House prices on the rise in West Norfolk

HOUSE PRICES PRESS ASSOC

Published at 6:01am 18th August 2018.

Your house could be worth £56,000 pounds more than it was five years ago.

That’s according to the latest data from the office of national statistics.

The average house price in West Norfolk is £212,000 which is below the UK average of £228,384

door knock

 

The figures also showed that buyers who made their first step onto the property ladder in our county in June spent an average of £179,800 - around £48,000 more than it would have cost them five years ago.

Lawrence Bowles, the associate director of the research team at the estate agents Savills, said the national figures were a "mixed picture" for homeowners.

"Broadly speaking the story of 3% price growth across the country, over the last 12 months, is faster than inflation," he explained.

Growth is starting to slow down, with prices increasing across the UK, particularly in the West and East Midlands, Scotland, Wales and Northern Ireland.

The West Midlands is the stand out area, and this shows a trend of people moving away from London due to cost."

Between May 2017and April 2018, 2,601 homes were sold in West Norfolk, 6% fewer than in the previous year.

Contact Us

If you would like to submit a query or provide more information on this story please get in touch below.

Please wait...
  • Up to 3 JPG or PNG images, 2MB max size
  • We will always endeavour to credit you when we publish your pictures.
  • By uploading you are agreeing to this non-exclusive reuse, royalty-free, across all KL.FM 96.7 platforms, which extends to our partner broadcasters.
  • You retain copyright to all images.
  • If you would like to send us a video, please upload to YouTube or similar and paste the video URL into the message above.
Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from KLFM 96.7

Become a KL.FM VIP

Log in | Sign up