Market Continues To Grow As Annual House Price Growth Reaches 2.8%

iconUnion Road, Liversedge, WF15 7JS

iconLivingstone Road, Hessle, HU13 0EG

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LIVERSEDGE DEPOT

T. 01924 401020 F. 01924 405872

E. steel@foregale.co.uk
E. roofing@foregale.co.uk

HULL DEPOT

T. 01482 640118 F. 01482 644093

E. hullsteel@foregale.co.uk
E. hullroofing@foregale.co.uk

OPENING TIMES

MON – FRI. 8.00am – 5.00pm

SAT 8.00am – 11.30am

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Liversedge 01924 401020 | Hull 01482 640118

LATEST NEWS

Property Market Continues To Grow As Annual House Price Growth Reaches 2.8%

 

Homebuyers and house sellers who are worried about the state of the property market will be relieved to hear house price growth of 2.8 per cent was achieved last year.

 

While experts have predicted impending Brexit could have a detrimental affect on the UK’s housing industry, most of the country has remained unscathed so far, realising an increase in property value over the last 12 months.

 

According to the latest UK House Price Index from the Land Registry, the average price of a property in Britain was £230,630 in November 2018. Despite a monthly decline of 0.1 per cent, properties have typically risen by £6,343 between November 2017 and 2018.

 

Detached houses rose the most in value, increasing by 3.7 per cent over the 12-month period, followed by semi-detached properties, growing in value by 3.5 per cent.

 

This is good news for those working in construction and using steel cladding sheets on a daily basis, as it shows the popularity of houses among British homebuyers. However, flats and maisonettes were not as well-received last year, dropping in value by 0.4 per cent.

 

While the majority of the UK saw house price rises, this was not the case for London, where values fell by 0.7 per cent over the year. This is likely to be due to the capital feeling a bigger impact from Brexit, as investors remain uncertain about purchasing in the city after the UK leaves the European Union.

 

With house prices continuing to rise in most regions of the country, this shows there is still strong demand for properties and a need to boost housing supply across the UK.

Liversedge
01924 401020

Hull
01482 640118






    Foregale Ltd was established in 1981 operating from premises on Shillbank Lane, Mirfield. Following rapid expansion, the company not only relocated to the current premises on Union Road, Liversedge but also opened a second depot in Hessle, Hull in 1986.

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