Homes in Tees Valley buck the gloom trend
AS national house price figures continued to tumble today, local estate agents said Teesside is bucking the trend.
Property information group Hometrack said nationally house prices fell by 0.2% during March - the sixth successive monthly decrease - leading some analysts to believe the market is mired in a long-term slump which shows no sign of abating.
The survey comes days after Nationwide Building Society said house prices fell for the fifth month in a row in March.
But Teesside estate agents are optimistic about prospects, believing that sensibly priced property values are not subject to the same peaks and troughs as in other areas.
Lee Ingleby, partner of Ingleby’s Estate Agents in Saltburn, said: “People have ben frightened to death by scare stories in the national media, but there is no panic at all in the local market.”
Meanwhile Simon Brown, operations manager for Stockton-based Browns Estate Agency, believes there is still a healthy demand for home ownership in the Tees Valley. He said: “Every area of every region is different. Teesside does not follow the national picture.”
