House prices in Telford are outperforming the Shropshire average as they continue their steady rise throughout 2017.

According to the Nock Deighton House Price Index, Telford prices climbed by 2% during April – higher than the overall Shropshire figure of 1.5% and markedly different to the national picture.

Our figures show a gradual progression for prices across Shropshire over the past few months, which is good news because it indicates a stable market.

Nationally, the likes of the Halifax are reporting something of a slow-down, with prices in the three months up to April 2017 being 0.2% lower than in the three months up to January 2017.

I suspect those figures are heavily skewed by the London market, however, and certainly the general mood here in Telford is optimistic.

A continued shortage of houses coming onto the market and affordable mortgage rates are keeping prices buoyant – although we have of course got the General Election looming which traditionally causes people to pause.

Stay tuned for the next Telford house price report to see what impact the election has on the figures!

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