Real Estate Investment:Today

How a lot is a house in your space?

Should you prefer to hold updated with what’s taking place within the property market, then our month-to-month Home Worth Index is an effective place to begin.

Every month, we have a look at how many individuals want to transfer, what number of properties there are on the market, and we additionally observe the common asking worth of a house in every space of Nice Britain. However there are literally thousands of completely different native markets, and a variety of common costs. You possibly can verify our offered costs software to learn how a lot properties in your space have just lately offered for.

This month, we noticed the common nationwide asking worth drop for simply the second time this 12 months (down 1.1%, to £366,999). And right here’s why it’s typical to see a drop in home costs at the moment of 12 months.

So, how do common costs range based on the place you reside, or the place you is perhaps pondering of transferring to? We’ve taken a have a look at the completely different areas and international locations throughout Nice Britain, in addition to some properties at the moment on the market in every space.

North East

Common asking worth Nov 22: £179,504
% change since final month: -1.6%

In terms of common asking costs, the North East is essentially the most reasonably priced area in England. And though we’ve seen a drop within the area this month, the common worth of a house continues to be 9.1% larger than throughout the identical interval in 2021.

Check out this house on the market within the North East:

Scotland

Common asking worth Nov 22: £182,388
% change since final month: -2.2%

Properties are promoting the quickest in Scotland. It at the moment takes a median of 25 days for brand new sellers to discover a purchaser.

Check out this house on the market in Scotland:

Yorkshire & the Humber

Common asking worth Nov 22: £241,858
% change since final month: -0.7%

Yorkshire & the Humber has seen the most important annual enhance in asking costs. And even with this month’s worth drop, the price of a house is 10.3% larger than the identical interval final 12 months.

Check out this house on the market in Yorkshire & the Humber:

North West

Common asking worth Nov 22: £248,790
% change since final month: -1.1%

The common asking worth of a house within the North West area of England is effectively beneath the nationwide common, at £248,790.

Check out this house on the market within the North West:

Wales

Common asking worth Nov 22: £253,832
% change since final month: -3%

The common asking worth of a house in Wales is £253,832, and on common, it takes sellers 43 days to discover a purchaser.

Check out this house on the market in Wales:

West Midlands

Common asking worth Nov 22: £284,908
% change since final month: -1.4%

In England, properties are promoting the quickest within the West Midlands area in the mean time, the place it’s taking a median of 36 days to discover a purchaser. Asking costs have risen 9.6% yearly, however are nonetheless effectively beneath the nationwide common.

Check out this house on the market within the West Midlands:

East Midlands

Common asking worth Nov 22: £285,164
% change since final month: -0.6%

The common asking worth of a house within the East Midlands is simply over £285,000, which is nearly equivalent to its West Midlands neighbour.

Check out this house on the market within the East Midlands:

South West

Common asking worth Nov 22: £386,357
% change since final month: -1.8%

The common asking worth of a house within the South West is closest according to the nationwide common, at £386,357. It takes a median of 37 days for sellers to discover a purchaser for his or her house.

Check out this house on the market within the South West:

East of England

Common asking worth Nov 22: £424,884
% change since final month: -0.1%

The East of England area has seen the smallest month-to-month drop in asking costs this month, at simply 0.1%.

Check out this house on the market within the East of England:

South East

Common asking worth Nov 22: £485,847
% change since final month: -1.8%

The South East is the second most costly area in England, behind London. Asking costs are up 6.6% when in comparison with the identical interval in 2021, and it takes a median of 41 days to discover a purchaser.

Check out this house on the market within the South East:

London

Common asking worth Nov 22: £682,422
% change since final month: -1.9%

The common asking worth of a house in London is £682,422, which continues to be greater than 5% larger than a 12 months in the past, regardless of a month-to-month worth fall.

Check out this house on the market in London:

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