Hartlepool sees highest house price rise

HARTLEPOOL has seen the highest rise in house prices in the whole of the country over the past year – even leapfrogging property price increases in London.

The average cost of a house in the town has gone up by 5.7 per cent in the past 12 months, pipping London to the post, which had a rise of 5.5 per cent, according to figures released today by The Land Registry.

Hartlepool has performed well compared to a large number of towns, with 61 of the 108 areas included in the survey recording a fall in house prices.

The town also saw a monthly change of 1.9 per cent, with the average house price at £84,672, according to the figures.

It also appears to be bucking the regional price slump trend, as the region with the greatest annual price fall was the North East, down 3.2 per cent, with a home costing on average £99.163.

Meanwhile neighbouring County Durham experienced a price drop of -2.9 per cent, with an average price of £84,483, and Middlesbrough’s prices went up just 1 per cent, with an average property costing £80,947.

Blaenau Gwent County Borough Council, in Wales, was the area that saw the greatest annual price fall, with a movement of -8.3 per cent.