House prices in Calderdale declined slightly, by 0.3 per cent, in March, despite witnessing a 3.9 per cent rise over the last 12 months.
The latest data from the Office of National Statistics shows that the average property in the area sold for £142,489 – significantly lower than the UK average of £226,798.
Across Yorkshire and The Humber, property prices have risen by 3.6 per cent in the last year, to £162,129. The region outperformed the UK as a whole, which saw the average property value increase by 1.4 per cent.
The data comes from the House Price Index, which the ONS compiles using house sale information from the Land Registry, and the equivalent bodies in Scotland and Northern Ireland.
The average homeowner in Calderdale will have seen their property jump in value by around £24,000 in the last five years.
The figures also showed that buyers who made their first step onto the property ladder in Calderdale in March spent an average of £123,197 – around £20,000 more than it would have cost them five years ago.
Residential research analyst at estate agent Savills, Lawrence Bowles, said: “UK house prices rose 1.4 per cent in the year to March 2019, according to the latest data from Land Registry.
“This marks an acceleration in growth since February, when annual house price inflation was just 1.0%. However, growth is slower than this time last year, when annual house price inflation was 4.0 per cent.
Source: By Abigail Kellett
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