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Workington sees biggest rise in house prices

Workington has seen been named as one of ten coastal town with the biggest rise house prices of the last decade.

A recent survey, carried out by Halifax, found that house prices in seaside towns have risen by around £500 a month over the last ten years.

On average, property prices in seaside towns have grown by 42 per cent but in Workington that figure went up to 91 per cent.

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Hint of recovery for house prices

Surveyors are seeing house prices rise at their fastest pace since their 2006 peak as the market revival spreads across the country.

The number of would-be buyers looking to enter the market in July also saw the strongest growth in four years, in further signs that a recovery is "round the corner", the Royal Institution of Chartered Surveyors said.

As buyer numbers strengthened, prices rose across the country for the fourth month in a row, growing at their fastest rate since the market peak of November 2006.

Looking ahead, 35% more surveyors expect prices to continue increasing, while 53% expect sales to rise over the next three months.

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