House Prices in Shropshire are Steadily Rising

New figures which show a steady increase in house prices across the UK have been welcomed by directors at Shropshire estate agents Nock Deighton.

Nationwide building society has just released its latest survey on house prices, and the headline figure is that house price growth has fallen to a two-year low.

The national figures show that house prices rose by 3.3% in the second quarter of this financial year compared to 11.8% a year ago.

Here in Shropshire, the figures show the average price of a property is currently £187,451 - a rise of 3% compared to 8% last year.

Michael Nettleton, director at Nock Deighton estate agents, said: “These figures reflect that Shropshire is a consistent and robust market, which is a good thing for buyers and vendors.

“House prices may not boom like some areas, but on the flip side, it doesn’t go bust either.

“From our point of view - and indeed for the long-term interests of everyone buying or selling property in Shropshire - solid, sustainable growth in a balanced market is preferable, and that’s what we are seeing.

“This steady increase in house prices, along with a new government which is traditionally favourable to a strong housing market, makes the future look very bright.”

Nock Deighton is one of the longest-established estate agents in Shropshire, with offices in Shrewsbury, Telford, Bridgnorth, Ludlow, Cleobury Mortimer, Newport and Kidderminster.

The company a full range of services, including lettings and commercial property management, as well as a comprehensive buy-to-let service for investors.