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Shocking House Price Increases

We are in the Midlands, and looking to move house. After comparing sale prices from a year ago, they seem to have increased by about 25%. Is this happening all over the country?
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Comments

  • Jenniefour
    Jenniefour Posts: 1,393 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    No, market as flat as a pancake here in Hanwell, west London.
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I started buying my council house a 3/4 months ago, did a zoopla free valuation and it said £105k, did it again yesterday and it said £107; that is in Leeds.
  • IAmWales
    IAmWales Posts: 2,024 Forumite
    sevenhills wrote: »
    I started buying my council house a 3/4 months ago, did a zoopla free valuation and it said £105k, did it again yesterday and it said £107; that is in Leeds.

    Because Zoopla is so reliable ...
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It wasflat in the Midlands for an awfully long time. Easily for over a decade but prices have definitely been rising and everything near us seems to be sold very quickly.

    A friend is buying and was got caught in bidding wars on more than one occassion.
    Everything that is supposed to be in heaven is already here on earth.
  • glasgowdan
    glasgowdan Posts: 2,968 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rising near good schools and town centres in central Scotland, but only a little. Driven by very high demand.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Dipping around here. Property on the whole isn't selling as quickly.
  • Horrific here near Littlehampton in West Sussex. The bottom end of the market has gone up from 175 to 225 in about 18 months. The places nobody wanted to live are all the rage as people fight to get onto the ladder. Higher about FTB land tho, things are not as pretty and what you get for 500k seems a mammoth more than 225 etc etc x
    Debt free and plan on staying that way!!!!
  • Things pretty flat here in Bristol over the 9-12 months, wondering now what effect a rise in interest rates will do over the next 6 months
  • bouicca21
    bouicca21 Posts: 6,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's flattened out here in London because we had the big hike in prices 3 years ago, and in my bit of south east London it was more like 30%.
  • Prices have risen here in South Wales. Sold mine last year for £124,000 and now similar houses are going for £140,000
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