House prices in north of the county on the rise

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PRICES paid for homes in the north of the county have risen by 1.25 per cent in the past year.

The news has been welcomed by estate agents, who say the housing market in Northamptonshire is buoyant.

Land Registry statistics show that in the final quarter of 2011 there was a 3.3 per cent county-wide increase in prices paid.

The average home in Northamptonshire now sells for £182,108.

The new figures from October to December last year, show there was a big annual increase of 11 per cent in East Northamptonshire. Prices also rose by 3.7 per cent in Corby.

But house prices in Kettering fell by 3.2 per cent, although 350 sales did go through – the second highest in the county.

Average price paid in Wellingborough fell by 6.5 per cent.

Estate agents say the market has been busy in the last few months, and welcomed the news of an average rise.

Northampton National Association of Estate Agents spokesman Charles Orlebar said: “The market has been very buoyant.

“We’ve been very busy and other estate agents have told me likewise.

“Mortgages are more readily available now than they have been in the past four of five years.

“I think buyers and landlords are coming into the market to take advantage of this.

“There’s also movement at the bottom end of the market with first time buyers anxious to find a property.

“However, there’s a lack of available property on the market and we need more of it. There is almost 25 per cent less property out there compared to last year.

“On the whole it is still a buyer’s market but in certain areas where there is a lot of choice it is a seller’s market.”