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21 Jun

North East house prices up 4.5% in April

Posted 21/06/2018 by: Reeds Rains Press Office

North-east house prices up 4.5% in June

House prices in the North East of England rose 4.5% year-on-year in April, according to the latest LSL House Price Index.

In terms of house price performance, the North East was one of the UK's star performers in April, with prices up 4.5% bolstered by strong performances in Northumberland (up 9%) and Tyne and Wear (up 6.1%). Another 14 areas within the North East region recorded new peak average prices in June.

The average house price in the North East in May was £164,836.

The average house price in England and Wales in May was recorded as £305,654, up more than £6,000 on a year ago, when prices remained below the symbiolic £300,000 mark.

However, transactions were down by 6% compared to last year.

Find out more about buying and selling in the North East of England.