Properties in Plymouth
Properties in Plymouth

PLYMOUTH Blog

Plymouth Property House Prices

Posted on 5th April 2014 in Plymouth Property, Uncategorized

THE average price of a house in Plymouth is now back up to the value it was before the market crashed.

Soaring property prices have left Plymouth homes worth nearly as much as during the 2007 high, which marked the end of the last boom, a new survey shows.

Prices are eight per cent up year-on-year to April, according to Nationwide, meaning the average home in Plymouth is now £177,198. The national average is £178,124.

Confidence in the economy and government initiatives such as the Help to Buy scheme have all helped kick start the market, according to property experts. But one estate agent says that Plymouth has been slow to catch up with other cities. Roger Punch, the South West spokesman for land and property experts RICS, said: “It started to take effect elsewhere way back last year and caused the market to warm up and really get going. But it’s only just starting to reach us.”

By Lisa Clark from the Evening Herald

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>