Sellers in northern English market towns see largest property price increases

Posted: 25 Jul 2008 12:01:38 GMT

Homeowners who live in market towns and are looking to sell their property will be pleased to hear that a new survey has revealed that house prices are likely to be higher in towns that have between 3,000 and 30,000 inhabitants.

The Halifax Market Town Review which tracks house price movements in 112 towns in England has revealed that two-thirds of them have a higher average house price than neighbouring areas.

Those selling property in Beaconsfield are likely to make the biggest profit as it was found to be the most expensive market town and the average house price there was £704,724 in March this year.

Over half of English market towns recorded house price growth above the country as a whole over the last five years and Seahouses in Northumberland and Saltburn experienced the most significant rise in prices.

Since 2003, both towns have experienced a growth rate of 111 per cent which is double the growth rate for rises in England.

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