Mixed picture for Wearside and East Durham house prices

Picture: PA Wire

Picture: PA Wire

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North East house prices rose for the first time since January this month, new figures reveal.

The average cost of a home in the region rose by 0.8% over the past four weeks, the largest jump since September.

House prices in the region had fallen for seven of the last eight months and for five months on the trot.

But while Sunderland and Washington saw strong growth, values fell in Houghton, Easington and Peterlee.

Ajay Jagota, CEO of the North East-based KIS Group, which compiled the figures, said: ““There’s only one word to describe North East house prices turning positive again after several sluggish months, and that’s ‘positive’.

“The Office of National Statistics recently reported house price growth slowing across the UK. This month at least, the North East appears to be bucking the trend.”