Housing market strong in county – lawyer

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The housing market in Lancashire is particularly strong, as figures show house prices are increasing in the region, says a solicitor.

Research from property website Rightmove shows that prices have hit an April “record” nationally, with the average asking price for a UK property increasing by more than two per cent to £244,706.

These changes are reflected in the North West, with prices up one per cent month on month, and annually two per cent. The average house price in the region is now £165,581.

Sarah Barnes, head of Residential Property at Napthens solicitors, said the housing market was strong, with the level of new instructions received by the law firm remaining healthy.

Sarah also points to information from the Royal Institution of Chartered Surveyors which shows that the North West had the highest levels of new buyer enquiries during the month of March.

She said: “Our experience of the market has shown that it remains strong, with plenty of interest from buyers.

“Our estate agent and developer contacts are also reporting growth.

“The levels of new instructions received by the Residential Property team have been high – a very good indicator of the state of the market.

“Pleasingly, we are also seeing these convert into real instructions where buyers are proceeding with transactions. It is not just buyer enquiries which are up – vendor instructions are also up.”