The BBC have published figures released by the Nationwide Building Society based on their mortgage data that show how UK house prices have risen above their peak of 2007.
Prices climbed 1% in June and were up 11.8% from a year earlier, the average value of a UK property was £188,903, but in London it had surpassed £400,000 for the first time.
Despite the acceleration in house prices, it said there was “significant variation” across the country but the annual rise in house prices accelerated from 11.1% in May to 11.8% in June, with all regions across the UK seeing an increase. Prices increased by 1% in June, compared with a 0.7% rise in May. This was the 14th successive monthly increase in prices.
Sheffield continued to see increasing house prices and a great deal of demand for houses and flats across the city centre and the whole Sheffield area. But don’t worry, speak to us here at Belvoir! Sheffield Estate Agents as soon as possible in your property search so that we can help you to find the right property in the right area of Sheffield for your circumstances.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
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