House prices in Sheffield defy falling property values in north

The average house in Sheffield is now worth 151,273, according to the Government's House Price Index
The average house in Sheffield is now worth 151,273, according to the Government's House Price Index
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Sheffield's property market has defied falling prices in the north to make a strong start to 2017.

House prices in the city rose by 0.87 per cent during January, according to the Government's latest House Price Index, which has just been published.

They bucked the trend for Yorkshire and The Humber as a whole, which saw a 2.6 per cent monthly fall.

It was a sluggish start to the year across the north, with prices in the North East and North West also down during January, but sharp rises in London and the south led to a national increase of 0.8 per cent.

The average house price in Sheffield now stands at £151,273, 4.27 per cent up on the same time last year. Nationally, prices have risen 6.2 per cent over the last 12 months.

Across Yorkshire and The Humber, values have risen 2.7 per cent over the last year, more than in the North East (2.2 per cent) but less than in the North West (4.6 per cent) or London (7.3 per cent).

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