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Birmingham Post
Birmingham Post
Business
Hannah Baker

Average house prices in North Somerset nearly double in 20 years

The average house in North Somerset has almost doubled in value over the last 20 years to more than half a million pounds, according to a local estate agency.

Blackwell-based Parker’s Estate Agents said the cost of the average home had increased 198.8% to £552,200 over the period.

According to Andrew Simmonds, a director at Parker’s, house values in North Somerset have outperformed the UK average during a period which saw London record the biggest increases at 247.6%. Nationally, UK house prices rose by 187.2%, he said.

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