Peak District house prices remain stable

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House prices in the area are stabled at the moment – according to a Peak District estate agents.

Eadon, Lockwood and Riddle (ELR), which has bases in Bakewell and Hathersage, have announced that house prices in the Derbyshire area remain consistent, despite recent reports that the market has become stagnated.

House price growth has stalled for the first time in 19 months, according to property data company Hometrack.

House prices across England and Wales were unchanged between August and September, the first time that they have not gone up since January 2013.

Chris Thomson, managing director at ELR, said: “We’re finding that the market is ticking over nicely, with many correctly priced houses still selling a few weeks after they go on sale.

“This has even been the case for properties within the £500,000+ price bracket.

“The price increases seen in the spring/summer period may have eased off, but this has left us with a stable and healthy market, rather than one that is stagnant or in decline.”