House prices in Shropshire rose last summer despite falls seen elsewhere across the UK
Elsewhere in the region, Telford and Wrekin house prices remained steady last summer, with the median house in the borough costing £205,000 in the year to September – in line with the year to June. A decade ago, the average house in Shropshire cost £169,995, which was 6.9 times the average wage of £24,775, but houses are now 11 per cent less affordable than 10 years earlier.
Recent data also shows prices have dropped across England and Wales entering 2023, with estate agents blaming Liz Truss' disastrous autumn mini-budget for the fall in activity as some buyers were forced to re-negotiate on price due to reduced affordability.
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