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Nock Deighton house price report - April 2017

House prices in Shropshire, Worcestershire and Herefordshire seem to be bucking the national trend as they continue their steady rise throughout 2017.

 

According to the Nock Deighton House Price Index, prices across Shropshire climbed by 1.5% during April, with a year-on-year increase of 4.5%.

 

Sales and marketing director at Nock Deighton, Michael Nettleton, says: "Our figures show a gradual progression for prices across Shropshire over the past few months, which is good news because it indicates a stable market.

 

"Nationally, the likes of the Halifax are reporting something of a slow-down, with prices in the three months up to April 2017 being 0.2% lower than in the three months up to January 2017. I suspect those figures are heavily skewed by the London market, however, and certainly the general mood here in Shropshire is optimistic.

 

"A continued shortage of houses coming onto the market and affordable mortgage rates are keeping prices buoyant - although we have of course got the General Election looming which traditionally causes people to pause.

 

"It will be interesting to see what impact that has on the figures, so we will be keeping a close eye on house prices over the coming months."

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