North West Leicestershire House Prices Dropped More Than Across East Midlands
By Graham Hill
30th Apr 2020 | Local News
House prices dropped more than average for the East Midlands in North West Leicestershire in February, new figures show.
The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 0.6 per cent annual decline .
The average North West Leicestershire house price in February was £202,934.52, Land Registry figures show – a 3.5 per cent decrease on January.
Over the month, the picture was worse than that across the East Midlands, where prices decreased 1.5 per cent , and North West Leicestershire underperformed compared to the 0.62 per cent drop for the UK as a whole.
Over the last year, the average sale price of property in North West Leicestershire remained level – putting the area 30th among the East Midlands' 40 local authorities for annual growth.
The best annual growth in the region was in Leicester, where properties increased on average by 8.15 per cent, to £182,000. At the other end of the scale, properties in West Lindsey dropped 6.8 per cent in value, giving an average price of £157,000.
Winners and Losers
Owners of terraced houses fared worst in North West Leicestershire in February – they dropped 3.6 per cent in price, to £145,760.07 on average . But over the last year, prices rose by 0.09 per cent.
Among other types of property:
- Detached: down 3.5 per cent monthly; down 1.1 per cent annually; £280,017.73 average
- Semi-detached: down 3.6 per cent monthly; up 0.06 per cent annually; £178,084.11 average
- Flats: down 3.2 per cent monthly; down 1.9 per cent annually; £115,443.45 average
- North West Leicestershire: £202,934.52
- The East Midlands: £192,244.08
- UK: £230,331.55
- Annual growth to February
- North West Leicestershire: -0.6 per cent
- The East Midlands: +0.7 per cent
- UK: +1.1 per cent
- Leicester: +8.2 per cent
- West Lindsey: -6.8 per cent
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