and Highbridge house prices rise 5% in a year
prices in Burnham-On-Sea and Highbridge have risen by around five
per cent over the past year in a 'buoyant' market.
agents in Burnham-On-Sea say the market is strong and further price
rises are expected this year.
Frost at Abbott and Frost told Burnham-On-Sea.com: "The market
is buoyant with plenty of interest in Burnham-On-Sea and Highbridge
- we've seen a five per cent increase across the board. More rises
are expected this year."
firm Right Move agrees: "During the last year, sold prices
in Burnham-On-Sea were 5% up on the previous year, and 10% up on
2007 when the average house price was £189,871."
2016 most property sales in Burnham-On-Sea involved detached properties
which sold for on average £284,694. Semi-detached properties
sold for an average price of £199,420, while terraced properties
overall average property price of £208,935 was more expensive
than nearby Highbridge at £161,046, but was cheaper than Brent
Knoll at £310,812 and Brean at £247,535."
property firm Zoopla has seen a smaller price: "In the past
year property prices in Burnham-On-Sea have increased 3.09%."
increases are a concern, though, among many younger people who are
finding it difficult to get their foot on the property ladder for
the first time.
prices in Burnham are rising at a far higher amount than salaries
and it's just not possible to buy for many people my age - renting
is the only option at the moment," said Tim Smith.