Positive house price growth a sign of good news for the South West
New data from Dataloft and the ONS UKHPI has shown that house prices have grown across all regions for the first time in almost two years.
The biggest increase was seen in in Yorkshire and the Humber with 3.9%, followed by the East Midlands with 2.4%.
In the South West, the official figure for house price growth was 2.2%, which is the same as Scotland and Wales respectively.
But what does this mean for people living in the Dorset area?
Gail Bond from lettings and estate agent Martin & Co, based in Poole, explains what positive house price growth is: “Positive house price growth is great news for current owners of homes in our area, as it means their homes have increased in value since they purchased their property!”
“We are very lucky to live in a really popular part of Dorset, with buyers from out of the area looking to relocate to Poole.”
Miss Bond also explains why understanding the value of your home is so important: “Understanding the value of your home is vital as this will help with all your financial planning for the future as our homes are normally our most valuable asset.”
“Before we visit your home, we would carry out extensive pricing research into what similar properties in your local area have achieved. This will then allow us to accurately give you a realistic marketing figure, to then find you the best possible buyer for your home - at the best possible price to fit your timeframe.”
To find out about the current market of your home, you can contact your local lettings or estate agent.