For homeowners in Clevedon it's good news - as it's official that house prices in Clevedon rose the most in 2017, over and above anywhere else in the UK!
A report by property portal Zoopla has recently revealed that house prices grew by a staggering 11.6% during 2017 which, with an average property price in the town now at £334,245, works out at a whopping £38,772 since January!
Just by owning a home in Clevedon and elsewhere, homeowners have been unknowingly racking up almost £30 per day on their property. The average price increase for homes in the UK was £9,652.
This is fantastic news for homeowners in Clevedon, but slightly harder to swallow for those looking to buy in the town – particularly those trying to get on the first rung of the property ladder.
Steve Pearce, Sales Manager at Simon Williams Mayfair Estate Agents said: “What an interesting year 2017 was for the housing market, with continued uncertainty surrounding Brexit, the general election, and big changes planned in regards to industry regulations such as a stamp duty reform and the foreseen tenant fee ban.
One thing the housing market has proven amongst all this though is its resilience, with the solid and encouraging rise we have seen here, particularly in North Somerset.
Whilst this is undoubtedly good news for homeowners, and it’s a fantastic time to sell, it does further highlight the affordability struggles for first-time buyers. We remain hopeful that recent changes to stamp duty will help in this regard, though the challenges there still remain.”
Contact the team at Simon Williams Mayfair Clevedon to find out just how much your property’s value has increased. For a free, no-obligation market appraisal, call 01275 341400 or visit us office on Hill Road, Clevedon.