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Northamptonshire House Prices Rise By 2.3 Per Cent

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Northamptonshire house prices rise by 2.3 per cent

Published Date: 22 August 2009

House prices in the county have risen by 2.3 per cent in the last three months.

Official Land Registry figures have revealed that nearly 1,800 properties were sold in the county between April and June, with the average price paid rising to £163,932.

Estate agents have put the increasing prices down to greater competition between buyers for fewer homes for sale.

The average price paid in Kettering has soared by nearly 10 per cent to £152,382. There has also been an increase of 3.5 per cent to £170,318 in East Northamptonshire.

Although prices paid in Corby fell slightly, the cost of a semi-detached home has risen by 12.7 per cent to £126,519.

Wellingborough bucked the county trend with a 7.1 per cent fall in prices paid to just over £148,000.

Across the county, average house prices have dropped by 8.2 per cent in the last year, but the latest figures show sellers can now demand more for their property.

Many who work in the housing sector say the figures are an indication that the housing market has stabilised and is showing encouraging signs of growth.

Jim Yates, a director of Yates Walker in Corby, said: "In the last few months there has been an upturn in demand and a steadying in prices.

"I think the doom and gloom and panic of the start of the year has gone.

"In Corby, the relatively low volume of house sales at the moment can skew the figures and it doesn't reflect what's been happening on the ground."

James Potts, branch manager of Simpson and Partners in Kettering, said prices are on the up because there are less properties on the market.

In the East Midlands the number of housing projects completed between 2008 and 2009 fell to just 11,140 from 17,520 the previous year.

The full article contains 324 words and appears in n/a newspaper.

Page 1 of 1

* Last Updated: 22 August 2009 9:26 AM

* Source: n/a

* Location: Kettering

Northamptonshire house price rise by 2.3%

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According to the land registry:


Northants was down 0.5 % last month and 18.2 % in the last year, one of the work performing counties !!!!

This is strange looking at the land registry figures for Northamptonshire on their website

April 09 -1.0%

May 09 -1.3%

June 09 -0.5%

Where did they get +2.3% from?

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