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August 2014 - The average UK House is now worth £265,000!

New official data revealed that the average home in the UK is now worth £265,000 - up 10.2 per cent year on year.

New official data revealed that the ­average home in the UK is now worth £265,000 – up 10.2 per cent year on year.

At the same time experts said a fall in ­inflation, announced last week, lessened the chance of an interest rate rise any time in the near future. Market analysts welcomed the double shot-in-the-arm for homeowners and predicted that the nation’s house-price growth would now continue into 2015 although the pace of the rises is expected to slow.

“House prices are increasing strongly across most parts of the UK with prices in London again showing the highest growth,” said the Office for National Statistics. The report ­suggested that rises across the country in the 12 months up until June were so far showing no signs of reversing although they slowed, with an increase of just 0.5 per cent between May and June.

Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.

For more information, please visit www.belvoirsheffield.com or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.com

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