HOUSE prices increased by 1.4 per cent in the borough in June, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 13.1 per cent over the last year.

The average Wigan borough house price in June was £178,719, Land Registry figures show – a 1.4% increase on May.

Over the month, the picture was different to that across the North West, where prices increased 2.1 per cent, but the borough was above the 1 per cent rise for the UK as a whole.

Over the last year, the average sale price of property in Wigan rose by £21,000 – putting the area eighth among the North West’s 39 local authorities with price data for annual growth.

The highest annual growth in the region was in St Helens, where property prices increased on average by 19.5 per cent, to £184,000.

At the other end of the scale, properties in Allerdale gained 1.1% in value, giving an average price of £175,000.

An imbalance between supply and demand for properties has remained the primary reason behind climbing house prices across the UK throughout the pandemic.

But activity is starting to slow, with soaring inflation putting household budgets under pressure.

First-time buyers in Wigan spent an average of £158,000 on their property – £18,000 more than a year ago, and £44,000 more than in June 2017.

By comparison, former owner-occupiers paid £199,000 on average in June – 26 per cent more than first-time buyers.

Property types

Owners of terraced houses saw the biggest rise in property prices in Wigan in June – they increased 1.7 per cent, to £136,851 on average. Over the last year, prices rose by 11.9 per cent.

Among other types of property:

Detached: up 0.8 per cent monthly; up 14.9 per cent annually; £299,216 average

Semi-detached: up 1.5 per cent monthly; up 13.5 per cent annually; £179,959 average

Flats: up 1.2 per cent monthly; up 8.2 per cent annually; £93,986 average

How do property prices in Wigan compare?

Buyers paid 15.8per cent less than the average price in the North West (£212,000) in June for a property in Wigan. Across the North West, property prices are lower than those across the UK, where the average cost £286,000.

The most expensive properties in the North West were in Trafford – £362,000 on average, and twice as much as more than in Wigan. Trafford properties cost three times as much as homes in Burnley (£120,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in June

Wigan: £178,719

The North West: £212,347

UK: £286,397

Annual growth to June

Wigan: +13.1%

The North West: +6.2%

UK: +7.8%

Highest and lowest annual growth in the North West

St Helens: +19.5%

Allerdale: +1.1%