Property News

Wednesday, April 25, 2007

North East prices up 5.6%

According a North East regional survey by Halifax, average house prices in the North have risen by 5.6% on average over the past year, ahead of the UK average of 2.8% to reach an average price of £148,167.

Billingham, a Teeside town, is in first place in the Halifax league table for the region with prices having soared 20% to £168,482 in the year to the end of March. Other towns showing large increases were Washington in Tyne and Wear (17%) and Cramlington in Northumberland (16%).

Darlington experienced a 15% rise to £149,135; Hartlepool 12% to £140,565; Middlesbrough 12% to £139,468, Redcar, 13% to £145,413; Saltburn 9% to £131,185; and Stockton 10% to £148,855.


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