The latest property market report from Rightmove has revealed that the North East of England is leading the way for house price growth, both on a monthly and yearly basis. As we step into the new year, this exciting news highlights the region’s resilience and appeal, making it the ideal time for sellers to capitalise on this property boom.
Year-on-Year Growth: A Strong Market for Sellers
According to Rightmove’s report, the North East has experienced the highest annual growth in house prices, outpacing all other regions in the UK. Over the past year, property prices in the region have increased significantly, reflecting both high demand and strong buyer interest. This year-on-year growth trend makes the North East an incredibly attractive location for potential sellers looking to maximise the value of their property.
With affordability being a key factor, the North East continues to offer great value compared to other parts of the UK, making it a popular destination for buyers. This is combined with a strong economy and a growing preference for larger homes with more space, following changes in lifestyle preferences during the pandemic.
Monthly Growth: Consistent Demand
In addition to the impressive year-on-year surge, the North East has also seen the highest monthly price increases across the country. This consistent growth in property prices indicates a sustained demand in the region, with buyers continuing to actively pursue homes despite national market uncertainties.
The North East’s combination of beautiful landscapes, thriving cities such as Newcastle and Sunderland, and a strong sense of community make it an increasingly sought-after destination. Homes in the region, whether in vibrant city centres or picturesque rural villages, continue to attract both local buyers and those looking to relocate from other parts of the UK.
What This Means for Sellers
For sellers, this is an excellent opportunity to take advantage of the current market conditions. With demand continuing to outstrip supply, it’s an ideal time to list your property. In fact, many homes in the North East are achieving prices above the asking price, with multiple offers sometimes being received. Whether you’re downsizing, upgrading, or relocating, now is the perfect time to sell and maximise your return on investment.
The strong price growth in the region means you could achieve a higher-than-expected sale price, so it’s important to act quickly to make the most of these favourable conditions.
Bradley Hall – Your Expert Partner in Selling
At Bradley Hall, we are proud to be part of the North East’s thriving property market. Our experienced team is here to provide expert guidance and support throughout the selling process, ensuring you get the best price for your property in today’s competitive market.
If you’re considering selling your property and want to make the most of the region’s growing house prices, don’t hesitate to get in touch with us. Our tailored approach will help you navigate the selling process with ease, from pricing and marketing your property to negotiating offers and completing the sale.
Take advantage of the North East’s booming property market with Bradley Hall – your trusted partner in selling homes for the best possible price. Contact us today to discuss how we can help you achieve a successful sale.
To find your nearest branch please visit www.bradleyhall.co.uk
