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According to Zooplas July 2024 House Price Index, property prices in County Durham rose by 1.6% over the past year, which means that the area is significantly ahead of the UK average where prices have risen by 0.5% over the same period.
Looking back over the last five years, Zoopla also report that the average property value in County Durham has grown by 25.1%, and have continued to grow over the last month.
We now look forward to the further house price increases in the North East which have been forcasted by Savills to be expected at 25% over the next 5 years compared to 14% growth in London.
Please give us a call on 01483 663001 to find out more!