Prices going up by £90 a day, says Zoopla

Salford – now home to much of the BBC – is the place where property values have risen faster than anywhere else in Britain.

According to Zoopla, prices in Salford have risen by 12% so far this year, equating to a rise of £14,874.

The average price in Salford is now £138,619.

Zoopla, which has an online tool measuring house price values whether the property is on the market or not, says the average British home increased in value by £90 a day over the first half of 2014.

Average property values now stand at £260,488, up 6.5% (£16,265) compared with January.

Property values rose during the first six months of the year across all regions, with London continuing to experience the highest growth rate in the country at 8.2% (£43,115).

The east and south-east of England were not far behind with house price growth of 7.5% (£19,440) and 7.4% (£23,031) respectively since January.

Wales and Scotland trailed, but even so property values rose by respectively 3.5% and 1.1%.

Brough in Yorkshire and St Leonards-on-Sea in East Sussex have also seen strong growth in average property values over the last six months at 11.9% (£25,184) and 11.8% (£19,690) respectively.

Lawrence Hall of Zoopla said: “Home owners up and down the country are starting to see the benefits of the recovery as home values make further headway in 2014.

“Over the past few years, Salford especially has prospered from job creation in the area which has helped boost the local property market.

“Property price growth has largely been a London and south east story until recently, so it is very encouraging to see the house price recovery broadening and the ripple effect starting to take hold further north.”

“There have been a few weak spots in the market so far in 2014, like Cornwall where the strong pound has started turning those looking for holiday homes back towards foreign property markets.

“And towns on the England-Scotland border are likely suffering from caution amongst buyers ahead of the referendum on independence in September.”

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One Comment

  1. Jrsteeve

    Rubbish, Salford is a huge area, Salford Quays (which is tiny) where the BBC moved to hasn't improved pricing at all. The only factor in increasing pricing there has been new builds being sold above the market to investors.

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