Local Market Round Up in Old Buckenham and the Surrounding Area
Donna was out and about in Old Buckenham this morning to give an update on local sales that have taken place over the last 12 months.
Over the last 12 full months there have been 196 sales in Old Buckenham, New Buckenham and the surrounding area.
This is a -28% change on the previous 12 month period.
The average sale price was £267,075.
The top transaction in the last 3 months was in Booseys Walk in New Buckenham at £600,000.
House price growth for the area has increased by 2% in the last year and 18% in the last 5 years.
Throughout the U.K, The house price index in September reported a 4.7% annual increase in house prices. The south west had the largest annual increase(6.4%) and the North East had the smallest (3.3%).
Covid 19 has caused the U.K economy to shrink by 11% this year and the Office for Budget Responsibility expects the economy to recover to pre-covid levels by the end of 2022.
105,630 transactions were recorded in October 2020 that's 8.1% higher than October 2019 and 9.8% higher than September 2020
Transactions so far in 2020 are -18.1% below the same period last year, non seasonally adjusted.
(source dataloft inform)