Tuesday, 07 February 2012

House price fall in county

THE typical Cumbrian home has fallen in value by £3,432 since the county’s housing market peaked in March, official figures show.

The government’s Land Registry reported that prices fell in July for the fourth month in a row.

The average home is worth £143,033, down 0.3 per cent from £143,501 in June and from £146,465 in March – the highest figure ever recorded.

Despite the recent falls, property values in Cumbria are still 2.3 per cent higher than they were a year ago.

Nationally, the average home dropped in value by 0.6 per cent to £178,364 in July, making it worth 2.0 per cent less than in July 2007. The steepest falls were in Wales and the East Midlands. London is now the only region of England and Wales where prices have risen over the last 12 months.

Nationally, an average of 59,622 homes were sold each month between February and May, down from 99,024 a month in the same period of 2007.

In Cumbria, 2,232 homes were sold between February and May, compared with 3,650 in the same period last year.

SHARE THIS ARTICLE

Search for:

Vote

Do you have faith in Furness General Hospital?

Yes

No

Show Result

Vote

As D-Day approaches we're asking would you support a supermarket being built on the Robinson's site?

Yes

No

Show Result


To save our contact details direct to your smartphone simply scan this QR code
Follow the Evening Mail on Twitter

Community news pages - join the Facebook page for your town or village
Did you enjoy the Energy For Life 5.1k Walney Family Fun Run?
Click here to pledge to take part in this year's event
Love Going Out
RBS 6 nations
Love a Healthy Life
Love
Leisure

in-Cumbria
Energy

Cumbria
roofing

Crooklands business park

Residential lettings 5

Homes and gardens 16

Car maintenance 2

Advice line 4