Local home values still rising steady at 2% annually
By Alex at Aboda, Jun 26 2019 07:07PM
Over the last 12 full months there have been 1,038 sales in Wisbech PE13 & PE14. This is a –10% change on the previous 12 month period. Despite this, the average sales price was £182,561 - 2% more over the last year.
The average price of a property across the UK was £228,903 in the year to April, 1.4% higher than a year ago - Showing the local Wisbech area is performing better on house price growth than the national average. On a monthly basis, average prices rose by 0.7%, the first rise in monthly prices since August 2018.
The UK economy contracted 0.4% in April, according to the ONS, meaning growth for the three months to April slowed to 0.3%. The fall was driven by declining output across the production and construction sectors following stockpiling in March, along with a 24% fall in car manufacturing
The HMRC report that the number of properties sold in May was 11.3% lower than a year earlier, dropping below 90,000 for the first time since May 2016.
If you'd like to have a chat about the market I'll be happy to help anytime!
Alex Doggett - Owner - ABODA Fine Homes