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Northamptonshire house prices rise by five per cent in 12 months

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House prices across Northamptonshire rose by five per cent, with sales increasing by 43 per cent according to a new report by property company William H Brown

The average cost of a house in Northamptonshire in December last year was £136,516. This is two per cent higher than the month before and five per cent higher than December 2012.

Mike Harris, area director at William H Brown, said: “The market in Northamptonshire has gained momentum throughout the year and ended on a high, with prices up two per cent on month and five per cent annually.

“This growth has been propelled by increasing levels of buyer demand, with new buyer registrations across the county rising by 39 per cent annually, almost four times the rate of new property instructions.

“This imbalance is heightening competition for property and underpinning the rising prices.

“Northampton has seen the strongest growth, with prices rising by three per cent and nine per cent on month, to £130,559 which represents an £8,123 rise since the start of the year.

“As an enterprise zone there is a great deal of investment entering the town, such as the revamped train station or the new waterside campus of Northampton University and this is encouraging more people to relocate here.”

Kettering has seen the number of sales transactions increase by 30 per cent annually and the number of offers rising by 22 per cent.

 

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