Local estate agents challenge Halifax's report of a 17.2% house price increase, stating the actual rise is closer to 4%. The discrepancy sparks debate about the accuracy of data sources and the true state of the housing market in Stoke-on-Trent.
Estate agents across Stoke-on-Trent have questioned recent headlines suggesting a significant growth in house prices . While mortgage lender Halifax reported an 17.2% increase in average house prices , local estate agents say the rise is closer to 4%. Halifax stated its figures are based on its own database and crude averages, not comparable to other datasets.
Belvoir, a local estate agency, compiled official data from sources like the Land Registry, Bank of England, and Office for National Statistics, which supports the 4% figure. Managing director Ramona Hirschi believes Stoke-on-Trent is unlikely to be experiencing the UK's highest growth rate, with the average price in November at £142,500. She says a 17% growth would result in a much more active market with rapid sales and offers above asking price, which hasn't been the case. Halifax's Amanda Bryden acknowledges the trend of people seeking more affordable housing, leading to price increases in areas like Stoke-on-Trent. However, local residents like Nicola Daniels are finding the market challenging, with desirable properties selling quickly and others raising concerns.
House Prices Estate Agents Stoke-On-Trent Halifax Housing Market
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