Homeowners wondering to themselves “how am I going to sell my house quickly and get value for money” may be interested to hear that new figures show prices have slumped in some regions.
The Yorkshire town of Hartlepool suffered the biggest dip over the last 12 months, according to statistics from the Land Registry, with values nose-diving by as much as 20 per cent.
The average house price there is now £76,818, compared to £96,513 a year ago.
Commenting on the figures, Labour councillor Jonathan Brash, Hartlepool Borough Council’s member for housing, said: “House prices fall when people are unable to buy and at the moment the combination of banks not lending, too few affordable homes being built and the squeeze of people’s finances mean that very few people are able to move or buy for the first time.
He added: “To turn this around we need to make it easier to get a mortgage and ensure there are more affordable homes, particularly for first time buyers, so that we revitalise our housing market.”
December 7, 2011 at 9:00 am | Uncategorized |
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