Homeowners in Stoke-on-Trent will be pleased to hear that the price of housing is continuing to rise year after year.
New figures released by UK Cities House Price Index, show that Stoke-on-Trent is currently sixth out of 65 cities, for the increase in housing prices.
According to the index, the price of housing in Stoke-on-Trent has risen by 7.4 per cent in the last year, and the average price of a house in the area is £113,500.
This is three per cent higher than in 2007, when the housing market was at its peak.
Stoke-on-Trent is sixth in the chart, and sits well above cities such as London and Derby.
Councillor Dave Conway, leader of the City Council, said: “This is fantastic news for homeowners in Stoke-on-Trent.
“This is yet another example of how Stoke is on the up, showing the increasing confidence in the city from people who want to live and work here.
“We want to enhance the city’s housing offer, so that people at all stages of life can find and live in a quality home they want at a price they can afford.
“We’re investing heavily in housing growth in the city, ensuring that a range of new homes are built, that are attractive and affordable to all.
“We are also working hard to drive up housing standards across the city, such as our rolling stock condition surveys for council properties.
“This is in addition to our commitment to invest millions of pounds in our own housing stock at every level, backed up by the creation of our housing repairs and maintenance company, Unitas.
“This will help to maximise the potential of all our assets, in order to meet housing needs and drive forward the city’s economic growth.”
View the UK Cities House Price Index data here.