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Market Thrives in Worcestershire

Worcestershire is experiencing a "mini-boom" in house prices with the prices of homes in the county growing faster than in other parts of the country.

Worcestershire has experienced a year-on-year growth of around 7 per cent (August last year to August this year), showing strong growth in the market.

The data is supported by Land Registry figures which is based on actual transactions.

Malvern has seen the biggest rise in the county with an increase of 8.9%. The average house price rose from £239,523 (June 2016) to £260,451 (June 2017).

Wychavon, which includes Droitwich, Evesham and Pershore, also had a strong showing with the average house prices rising by 7.4 per cent from £245,9884 to £264,064.

In the city of Worcester, over the same period, average house prices increased by 5.5 per cent from £189,775 to £200,289.

The overall increase in Worcestershire is 6.9 per cent from £212,320 to £226,897.

Duncan Saunders, officer manager at our Worcester branch said sales had increased by 38 per cent when comparing the period January to July 2016 to the same period this year.

He said: "In the last three months between May and July we have been achieving 99.4 per cent of our asking price. For the same period last year it was 96.8 per cent. The market seems to be thriving."

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