Property prices soar in Hartlepool
Hartlepool has seen one of the fastest rise in property prices in the country. It has shown a 27% increase in house prices over the last year, the average house now costing £103,905 compared to last year of £81,841.
There are mixed feelings over the increasing prices, on the one hand it shows Hartlepool's growing economy, however there is also the problem of affordable houses with the average income £17,000 many people, not just first-time buyers, are priced out of the market. Julie Richardson, owner of Richardson Real Estate, in Murray Street, said: "Property has always been cheap in Hartlepool. This has encouraged investors to buy in the town and the prices have gone sky high. But this makes it difficult for first-time buyers who now finding it more difficult to get on the ladder" Hartlepool Mail.
There are mixed feelings over the increasing prices, on the one hand it shows Hartlepool's growing economy, however there is also the problem of affordable houses with the average income £17,000 many people, not just first-time buyers, are priced out of the market. Julie Richardson, owner of Richardson Real Estate, in Murray Street, said: "Property has always been cheap in Hartlepool. This has encouraged investors to buy in the town and the prices have gone sky high. But this makes it difficult for first-time buyers who now finding it more difficult to get on the ladder" Hartlepool Mail.
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