House prices in more than half of neighbourhoods in England and Wales are still lower in real terms than a decade ago

These were the findings of a recent BBC analysis. Full article here

In 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007.

The BBC data team and the Open Data Institute (ODI) Leeds analysed more than eight million residential property transactions in England and Wales from the Land Registry database for the period from 2007 to July this year.

The price of an average home in England and Wales has remained flat since 2007, after taking inflation into account.

Although most regions have seen house prices go up, this has not been as fast as the rate at which prices in the rest of the economy have risen.

Who were the winners and losers in Street and Glastonbury?

In the central wards of Street and Glastonbury there was only one winner (just):

• Glastonbury St Mary’s – The average house price has gone up by 0.1% in real terms since 2007. It is currently £269,950

The rest of the central wars were all losers:

• Street North – The average house price has gone down by 1.0% in real terms since 2007. It is currently £205,000
• Glastonbury St Edmund’s – The average house price has gone down by 5.3% in real terms since 2007. It is currently £205,000
• Street South – The average house price has gone down by 15% in real terms since 2007. It is currently £215,000
• Glastonbury St Benedict’s – The average house price has gone down by 25% in real terms since 2007. It is currently £148,000
• Glastonbury St John’s – The average house price has gone down by 25% in real terms since 2007. It is currently £227,000

In nearby Butleigh and Baltonsborough the average house price has gone down by 19% in real terms since 2007. It is currently £325,000

About Tom Morgan

Founder of Jungle Property the multi award-winning letting agent based in Glastonbury, Somerset. I am passionate about property and Glastonbury and about providing the very best advice to anyone who wants the best return on a buy-to-let property investment. For an open and brutally honest opinion on anything in the Glastonbury property market please contact me via tom.morgan@jungleproperty.co.uk