House prices have steadily increased in Shropshire since the spring, according to figures compiled by the analysts here Nock Deighton.
The figures from our monthly House Price Indexes, based on our own figures and a cross-section of industry reports, have shown an increase in house prices every month since March up to the last report in June.
Michael Nettleton, director of sales and marketing at Nock Deighton, says the steady increase is mostly down to a lack of supply.
“We have seen a strong market throughout the first half of 2016 with demand outstripping supply,” he says. “According to our figures, house prices have risen by an average of 0.5 per cent each month since March, which shows the market is in a pretty good state.
“Summer is always a busy time for house sales so we are predicting that prices will continue to rise over the summer months.”