Halton house prices show an increase – but flat values fall

HOUSE prices have increased by 2.4% over the last year in Halton.

According to latest Land Registry statistics, for all types of property the average cost in July 2017 was £133,994.

That figure had risen to £137,252 by July this year.

The rise was more pronounced for detached homes, for which values rose by 3.6% to £230,945, while increases were largely in line with the 2.4% boost for semidetached and terraced homes, now £136,690 and £100,570 respectively.

However, the value of flats and maisonettes fell, dropping 1.3% to an average £76,685.

Overall, the average property price across all types has risen by 1.1%.

Halton’s increases were lower than across England as a whole, where values rose by 3%, and North West which experience the fastest growth at 5.6%.

The figures were published as the Land Registry Housing Price Index (HPI) gained National Statistic status for the first time on September 18.

A Land Registry spokesman said: “House prices grew fastest in the North West, increasing by 5.6% in the year to July 2018, followed by the South West and the West Midlands, both increasing by 4.4% over the year.

“House prices in London fell by 0.7% in the year to July 2018.”

The data was published as Prime Minister Theresa May announced a £2bn fund to build social housing and affordable homes and urged politicians to end any associated snobbery and stigma around social housing.

Questions have been raised over how effective it will be in boosting supply, with the cash to first become available in 2022 and spread over six years.