House prices in Lancashire have gone up by an average of over £2,000 in the month of March, according to figures from the Land Registry.

The latest data from the government department reveals that in March 2022 average house prices in Lancashire reached £179,456.

This was up from £176,990 in February, representing over a 1.4 per cent increase. In the last 12 months it has risen by 11.2 per cent.

How much have house prices increased in Lancashire?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £319,855 from £314,013 in February
  • Semi-detached houses - Up to £188,790 from £185,554 in February
  • Terraced houses - Up to £129,528 from £128,504 in February
  • Flats - Up to £106,449 from £105,623 in February

Lancashire Telegraph: House prices in Brighton and Hove have gone up once again (PA)House prices in Brighton and Hove have gone up once again (PA)

How do Lancashire house prices compare to the UK average?

Despite the rise in prices this month, Lancashire is still well below the UK average with typical property value in the nations reaching £278,436 in March.

In cash terms, the average house price in March was £24,931 higher than a year earlier with house price growth accelerating to 9.8 per cent in March 2022. Prices were up by 0.3 per cent month on month.