House prices are rising quickly – and the increase shows no sign of abating, according to John Cockerill of Compete Estate Agents.
The average property coming to market is now priced at £251,964.
This works out as 6.9 per cent - or £16,223 - more than a year ago, and is the highest annual rate for six years.
And Mr Cockerill believes this month has been exceptionally strong for prices.
He said: “The market is continuing to rebound and doesn’t show any signs of plateauing in the next few months.
“Whilst February is historically a positive month for prices of property coming to market, this is the second highest February rise since the Rightmove index began in September 2001.”
He added: “On average new sellers are now asking over £16,000 more than those who came to market a year ago, a rate of increase not seen since before the ‘credit-crunch’ took hold in 2008. Those contemplating trading up, down or out may well be encouraged to come to market as they see their equity grow as prices rise.”
For a full market appraisal on your property, call Mr Cockerill on (01788) 550800.
Complete Estate Agents can be found in Church Street, Rugby.