North East House Prices Predicted To Rise In 2013

With house prices up 3.4% in 2012 and experts predicting a bigger rise this year, buyers are being advised to move quickly to pick up a bargain.

Mark Wilson, Regeneration Director for Linden Homes in the North East, which is building at Howden-le-Wear and Haltwhistle, says: “Although the North East is traditionally slower to show signs of recovery, they are definitely there and the anticipated further easing of mortgage availability is likely to increase demand and push up prices.”

He was commenting on statistics released by Assetz House Price Watch, which analyses house price data from the Office of National Statistics, LSL Acadametrics, Halifax, Nationwide and Rightmove, giving a comprehensive overview of the UK property market and a more accurate and less volatile picture of house price trends.  It predicts 5% growth in 2013 – pushing the average UK house price to £202,824, an increase of £6,634 since December 2011.

Stuart Law, Chief Executive of Assetz, said:  “In spite of some downbeat forecasts, 2012 saw the strongest calendar price growth for three years and we are confident of price growth of as much as 5% this year, demonstrating that the property market is well advanced on its slow road to recovery.”

Linden Homes is currently selling at Howden Green, Howden-le-Wear and Centurion Park, Haltwhistle.

-ENDS-

For more information about Linden Homes developments in the North East please contact Paul Dobbie at Persuasion PR on 0845 071 0678 or email paul.dobbie@persuasion-pr.com

24 January 2013

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