26 Sep

North-west sees house price rise

North-west sees house price rise

The north-west has defied the credit crunch to register a rise in house prices in August this year, new figures have shown.

Land Registry statistics have indicated that the region, including cities such as Manchester and Liverpool, enjoyed a 1.2 per cent rise in house prices in the month.

This took the average value of a property to £133,343.

It was one of two regions of England and Wales to see house prices increase, with the other being Wales with a 0.8 per cent jump.

The figure may indicate that the region is showing some resilience in the face of the credit crunch, offering better prospects for those buying there.

It is not the only case where the northern half of the country has shown signs of price strength in recent times.

The north region, which includes the north-east and Cumbria, saw prices increase by 0.9 per cent in the three months to August, according to the Financial Times index figures.
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