Demand from buyers soars 26% across the UK Cities as house price growth reaches a two year high according to property expert Zoopla.
Traditionally it is expected that buyers return to the housing market within the first weeks of any given year. 2020 is unsurprisingly no exception. Studies were conducted within the first few weeks of the new year, December 23rd 2019 – 19th January 2020 to be exact. Zoopla announced that this is a 26% rise comparative to the studies conducted between 2018 – 2019.
Cities within the South of England are expected to see house price growth under perform this year. Affordability is the main reason for this after strong house growth between 2010 and 2016. Bournemouth is currently up by 3% year on year with an average price of £291,200 per property.
Christchurch currently has the highest average value of the BCP network with it’s value averaging out at £389,551 as of January 2020. Poole’s average in the same time period is £364,615 and Bournemouth’s is much lower with an average of £306,202. For comparative purposes this includes the sales of both flats and houses meaning an average for simply just houses is unlikely to be available. Despite this Poole has had the largest increase percentage wise with 1.02%. Christchurch follows with an average increase of 0.91% and Bournemouth is last with an average of 0.80%.
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