HOUSE prices across Cheshire are fighting the national trend by increasing in value while neighbouring regions continue to plummet.
Home owners and estate agents across Chester are celebrating as house prices continue to rise for the second month in a row, despite homes in neighbouring South Cheshire falling significantly for the fifth consecutive month.
Since March this year average house prices across Cheshire West and Chester have increased from £154,468 to £155,707 while homes nationwide have dropped by 0.4% a month.
Estate agents are claiming that an increase in first time buyers, better mortgage rates and parents helping their children to get a foot on the property ladder have helped to bring the marketplace back up.
Despite continuing negative annual house prices Chester based estate agents insist they are experiencing one of their most successful months to date.
Partner at Chester based estate agent Cavendish, Robert Akin, said: “We are seeing more first time buyers than ever.
“We are seeing a lot of sales from parents who are helping their children out and getting them on the property market.”
Edward Feathers of Humphrey’s Estate Agent, Chester, said that things are looking up for the housing market.
“We have seen the market pick up in the last four to six months. It has been a very good month for us, there are a few more part time buyers, and we have sold more than 20 houses so far this month.
“Most of the time certain parts of Chester always sell better, mostly the more affluent parts in the city like Hoole, Upton, and Curzon Park, but this month our sales have been fairly evenly spread across the board.”
Released on Tuesday (June 28) the latest Land Registry figures show that the average property in May this year is worth £161,823 which is 2.2% less than one year ago.