Shrewsbury House prices have increased in 2016 by 5% and experts predict this trend will continue to grow a further 5% in 2017
Figures recently published by the Office for National Statistics show that the Shrewsbury and Atcham constituency led the way for the region wheras Telford and Wrekin and Ludlow showed increases of only three per cent, Homes in North Shropshire and Montgomeryshire rose by only one per cent.
Bottom of the pile was Bradford where the average house price dropped from £104,250 to £80,000
In Shrewsbury and Atcham the average home went for £174,950 in 2015, as opposed to £167,000 in 2014. The same home would have cost £52,000 in 1995.
Homes in Ludlow went from £190,000 to £195,000, while houses in Telford and Wrekin are up to £135,000 from £131,098.
North Shropshire saw a rise of £1,000, from £164,000 to £165,000, while Montgomeryshire houses also enjoyed a modest increase to £152,000 from £151,000 in 2013.
According to the figures the most expensive place to buy a house in the UK is Kensington in London where the average home will cost £1.15 million.
This puts Shrewsbury in strong contention as being the place to live as figures suggest that the Town has seen a comfortable steady and healthy increase since 1995
To find out more more about house prices in Shrewsbury you can contact us on: 01743 248351