Warrington house prices rise 7% in three months

HOUSE prices in Warrington and Halton have risen by seven per cent in the last three months and now stand at an average price of £175,146.
This is revealed by the Nationwide Building Society’s quarterly regional house price index.
The figure compares with £191,000 for Cheshire as a whole, up nine per cent on the quarter, and the UK average £178.124 – an increase of 9.2 per cent over the last 12 months.
Price of the average house in England is £210,066 – an increase of 10.7 per cent on the year.
Commenting on the figures, Robert Gardner, Nationwide’s chief economist, said:“The price of a typical UK house rose by 2.6 per cent in the first quarter of the year, after allowing for seasonal effects. Prices were up 9.2 per cent compared with the same quarter of 2013. Although all regions saw annual house price growth, 10 of the 13 regions have yet to surpass their pre-crisis peaks. London, the Outer Metropolitan and the Outer South East are the exceptions.
“Annual house price growth continued to surge in London, rising to 18 per cent in Q1, the highest growth rate since Q1 2003. Prices in the capital are now 20 per cent above their 2007 peak, with the price of a typical London home at £362,699. Prices in Northern Ireland were up 5.4 per cent year-on-year in Q1, although average prices are still around half the level prevailing in late 2007. Scotland saw a 7.6 per cent annual increase in prices, the strongest pace of growth since Q4 2007. Wales was one of the few regions to see a slowing in annual price growth, from 6.1 per cent in Q4 to 5.2 per cent in Q1.
“Among the English regions, the South continued to outperform the North. Outside of London, the Outer Metropolitan area was again the strongest performing region, with annual price growth of 10.6 per cent whilst the North continued to be the weakest English region, with prices up 5.9 per cent over the year.”