House prices up again in Evesham adding thousands to average property prices - The Evesham Observer

House prices up again in Evesham adding thousands to average property prices

Evesham Editorial 22nd Feb, 2017 Updated: 22nd Feb, 2017   0

AVERAGE house prices in the Vale have climbed by nearly four per cent in the last year, adding more than £7000 to property values, according to new figures.

Data from the property website Rightmove has found the average house price in Evesham now stands at £214,671 in 2017, up from £206,895 the previous year.

The 3.75 per cent increase means property buyers will have to find, on average, an extra £7,776 to buy their new home as a result.

In Pershore the average house price is now £235,745 – although overall sold prices in the town over the last year were down by 7 per cent on the year before.




According to house sales over the last year, detached houses in Evesham can now fetch up to £289,399 while terraced properties had an average sale price of £165,386 and semi-detached properties averaged at £199,095.

Speaking to the Observer, local estate agent Tom Tarver, a partner at Johnson’s Property Consultants, predicts the market will be less competitive for first-time-buyers this year, despite house prices rising again.


“Those looking to buy a home in the spring and summer of 2017 will likely face a less competitive Evesham property market than the same time last year, when the urgency to beat the buy-to-let stamp duty hike was in full swing,” Mr Tarver said.

“Many landlords brought forward their purchases to beat the tax, and since then, the number of buy-to-let purchases has dropped slightly.

“First time buyers have taken advantage of that and have increased their buying, which I believe is a ringing endorsement of their confidence in their jobs and the local Evesham economy.

“Those 20 and 30 something’s who are considering becoming first time buyers in 2017 will benefit from a greater choice of properties and less competition from buy-to-let landlords, compared to 2016.”

Announcements

Weddings, Birthdays, Bereavements, Thank you notices, Marriages and more.

Printing

We can provide all of your printing needs at competitive rates.

Advertising

Advertise with the Evesham Observer to reach your audience

Public Notices

View and download all of the public notices in the Evesham Observer.