New figures show Calderdale house prices are on the rise

New figures show Calderdale house prices are on the rise
New figures show Calderdale house prices are on the rise

House prices are creeping up in Calderdale after new figures show they have risen by eight per cent in the last 12 months.

The borough's house prices lept by 4.9 per cent in April, contributing to an eight per cent rise over the last 12 months, according to the latest data from the Office of National Statistics.

Although there has been a price rise, the average property price in Calderdale is significantly lower at £143,811 than the UK average of £226,906.

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The average homeowner in Calderdale will have seen their property jump in value by around £28,000 in the last five years.

The figures also showed that buyers who made their first step onto the property ladder in Calderdale in April spent an average of £124,604 - around £24,000 more than it would have cost them five years ago.

Across Yorkshire and The Humber, property prices have risen by 3.5 per cent in the last year, to £158,545. The region under performed compared to the UK as whole, which saw the average property value increase by 3.9 per cent.

The data comes from the House Price Index, which the ONS compiles using house sale information from the Land Registry, and the equivalent bodies in Scotland and Northern Ireland.

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Addressing the national picture, Lawrence Bowles, the associate director of the research team at the estate agents Savills said: "The key thing to note is that we are still seeing growth in house prices across the UK.

"In particular, house prices have gone up 3.9 per cent in the year to April - though it is slowing down. People are starting to get a bit more wary about Brexit; people are starting to sit on their hands as they wait to see how things turn out.

"The strongest growth regionally is finally shifting away from London, and moving to the South West and the West Midlands. We expect to the north to start catching up slowly."

Between January and December last year, the most recent 12 months for which sales volume data is available, 3,353 homes were sold in Calderdale, three per cent more than in the previous year.

The highest house prices in the country in April were found in Kensington And Chelsea, where properties sold for an average of £1,350,179 - 17 times the cost of a home in Burnley, where the average home cost just £78,204.

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