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Southend-On-Sea Experienced The Largest House Price Increase In 2012

January 17th 2013
By: Melanie
Southend-On-Sea Experienced The Largest House Price Increase In 2012

According to Halifax, Southend-on-Sea, in Essex experienced a double-digit increase in home prices in 2012 – they were up by 14.8%.
 
Southend-on-Sea is home to the longest pier in the world, a growing airport and offers easy commuter links by train, and it has been recognised as the next property hot spot outside of London.
 
Martin Ellis, housing economist at Halifax stated:  'Several towns within easy commuting distance of the capital feature in the list of top performers while the majority of towns that have fared worst in house price terms are outside southern England, where economic conditions have generally been less favourable,' Ellis said.
 
 “The generalised north-south divide in house price performance seen during 2012 is likely to continue next year, ” said Ellis. His remarks followed a recent survey carried out by Hometrack (who offer impartial property analytics), which showed that across most of London and the Southwest house prices continue to rise, whereas in the North and the Midlands prices fell during 2012.
 
In Basingstoke house prices were just behind Southend-on-Sea in performance, experiencing a price rise of 14.8% in 2012.
 
If you are looking to invest in the Southend area, then we currently have a brand new property on the market, located in Billericay, only 18 miles away from Southend-on-Sea. The guide price is £389,000 and it has three bedrooms – two with en-suites, fully fitted kitchen/dinner, a 100 ft garden, and it is NHBC guaranteed, ideal for someone looking to invest in Essex. Please click this link to see the property - three bedroom property in Billericay.
 
If you are interested then why not contact one of our Intercounty team on 01245 327788 to arrange a viewing, or alternatively contact them via email at andybarrell@intercounty.co.uk .