A Profile of Hyndburn - 2004 - Hyndburn Borough Council

pushed out of the housing market by buy to let investors who becomelandlords of those who would otherwise be owner-occupiers.Local Housing Market TrendsThe house prices trends in Hyndburn, as calculated by the land registry, forthe 1999 – 2004 period are shown below. The general trend has beenupwards with a significant increase taking place over the last 12 months,however this is now leveling off. There have been fluctuations, particularly inthe case of terraced houses when between 1999 and 2002 the price remainedrelatively static compared to the overall upward trend in prices.£180,000£160,000Average house prices in Hyndburn (1999 – 2004)Average house prices in Hyndburn (1999 - 2004)Average price£140,000£120,000£100,000£80,000£60,000£40,000£20,000£0DetachedSemi-detachedTerracedFlat / maisonetteOverall averageQuarter:APRIL - JUNE 1999APRIL - JUNE 2000APRIL - JUNE 2001APRIL - JUNE 2002APRIL - JUNE 2003APRIL - JUNE 2004Source:- HM Land RegistryThe rate of increase or decrease in the price for each house type in Hyndburnover the 2000 –2004 period is shown below.Hyndburn percentage change in prices by property typeDetached SemidetachedTerraced Overallaverage2000 - 2004 +76.34% +111.82% +102.64% +74.23%Jul - Sept 03ToJul - Sept 04+12.7% +44.44% +48.52% +39.18%Apr – Jun04To -0.17% +5.57% +11.58% +4.04%Jul – Sept04Source:- HM Land RegistryBetween 2000 and 2004 overall house prices have increased by 74% inHyndburn, and during 2003/04 by over 39%, this is above the national28