This is according to the latest House Price Index for June 2019 from HM Land Registry. The government’s figures showed house prices for England, Scotland, Wales and Northern Ireland increased by 0.7 per cent between May and June 2019.
As a result, house prices have grown by 0.9 per cent over the year, taking the average cost of a house in the UK to £230,292.
Homes in England alone are slightly more expensive, with properties typical selling for £246,728. This follows both an annual and monthly increase in values of 0.7 per cent.
Those looking to buy in Retford or anywhere else in the East Midlands, however, might have found property ads have changed considerably recently, as prices in this region have experienced the greatest annual increase.
Indeed, they rose by 3.2 per cent between June 2018 and 2019, while also increasing by 1.6 per cent from May to June this year. Average property values in the East Midlands stood at £195,344 as of June 2019.
As this is £50,000 lower than the national average for England, many people might be tempted to consider the East Midlands as somewhere to purchase a house, regardless of its steep price increases lately.
Somewhere to consider could be Edale in Derbyshire, as The Sunday Times recently named this area as the best place to live in the Midlands, thanks to it being a “creative community with a rare sense of humour”.
Retford, on the other hand, is in close proximity to this picturesque location, while also offering a more urban lifestyle.