New data on house prices in Teesside are showing a mixed picture. Some areas showed a rise in property prices whereas some areas fell. Overall Middlesbrough was the worst performing area, along with Stockton. However, house prices in Hartlepool rose by 4.9%. The North East area continued to have the lowest priced housing in the whole of England.
- Even with cost falling in some areas in 2016,house prices on teeside continues to lag behind elsewhere.
- In December 2016, Kensington and Chelsea was the most expensive borough to live in, with a average house costing £1.3m.
- On a regional basis, London continues to be the region with the highest average house price.
“House prices on Teesside are continuing to lag behind elsewhere – with costs even falling in some areas in 2016.”
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