Newbury House Prices Down 6.1%??
On 14 November the Office for National Statistics released their house price index for Spetember 2018.
The key figures relating to house price changes in the UK are as follows;
- UK average price up 3.5% to £233,000.
- England average price up 3% to £249,000.
- South-east up 1.7% to £328,000.
- West Berks up 3% to £365,774.
A total of 56 properties have been reported as sold in RG14 during September 2018, for an average of £360,533. This is a decrease of 6.1% from September 2017.
However, this doesn't tell the full story – there were 59 properties sold in September 2017 for an average of £384,086 – well above the annual average for 2017, which was £346,132.
If we look at the figures for Q3 2018, there were 162 sales for an average of £369,074 – an increase of 2.3% from Q3 2017.