House Prices In Lancashire Are Up Year-On-Year By 3.2% To £190,645 On Average

House prices across the North West have increased by 3.2% between December 2018-19 to an average price of £190,645.

According to Zoopla’s recent study, homes have added £12 per day on average onto their value in 2019 which makes the North West the second best performing area in the UK.
Preston, Southport and Leigh, near Wigan, have been identified as some of Britain’s biggest property hotspots of 2019 – With values in Leigh increasing by 6.3% year-on-year.

Laura Howard, Zoopla consumer expert, said: “Affordability levels remain attractive in many areas outside of southern England.

“Rising employment and low mortgage rates have led to improving values in many regions, especially the North West.”

“While all regions saw growth in 2019, over the past two years the housing market has been characterised by flat or falling prices in London and southern regions, where tax changes and stretched affordability have impacted demand for expensive properties.”

Follow our blog to get all of the latest updates on the UK and local property markets.