House prices in Lancashire have seen strong start to the year, Preston law firm says

A strong start to the year in the housing market may result in big price rises across Lancashire, specialist conveyancing law firm Adkirk Law says.
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The Preston based firm said the latest Land Registry figures show house prices in Preston grew slightly in December, by 0.93 per cent, or £1,194.

The average house price in Preston is now £128,921, a £4,147 rise from the start of 2019.

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Overall, Lancashire house prices increased by £1,374 on average in December. The average price for a house in the county now stands at £148,454 – a yearly increase of 2.29 per cent. In South Ribble, house prices fell by 1.4 per cent – or £2,369 in December. The average price is now £165,830, a £7,018 fall.

House prices in Lancashire have risen at the start of the yearHouse prices in Lancashire have risen at the start of the year
House prices in Lancashire have risen at the start of the year

For Chorley, house prices fell slightly by 1.08 per cent in December. The average house price in Chorley was £179,586, a fall of £3,422.

Linda Kirk, director of conveyancing, said: ““These latest headline figures show a varying picture throughout the north west, but real green shoots of growth in Lancashire.

“What we are seeing on the ground this year is a burst of activity in the housing market, now that people see some certainty from the government.

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“Many people who wanted to buy or sell their home were waiting until after the general election to make their move, resulting in a large release of properties in the new year which is now leading to growth in the market.

“As a result, we are seeing a jump in house prices across the region, but particularly in thriving pockets of the north west, where some house prices have grown by 10 per cent over the last twelve months.”