About Newcastle and Its Housing Market
Officially called Newcastle upon Tyne, Newcastle is a city in the county of Tyne and Wear in North East England. Until the end of the 14th century, it was within the County of Northumberland. From 1400 to all the way 1974, it had a status of a county itself until finally becoming a part of the newly created metropolitan county of Tyne and Wear.
History of Newcastle dates back to the Roman times. It developed on what used to be the site of the Roman settlement “Pons Aelius” which translates into “Aelian Bridge”. It got the name Newcastle after a wooden castle that was built here in the 11th century by Robert Courthouse, Duke of Normandy and son of William the Conqueror. In the later Middle Ages and Modern Period, Newcastle established itself as a strong wool trade centre and an important coal mining town before becoming famous for having one of the largest shipbuilding industries in the world. The traditionally strong industries practically disappeared in the second half of the 20th century and today the city’s economy is largely based on service industry, office/corporate headquarters, tourism and retail.
Newcastle housing market didn’t experience as much growth as that of London and other parts of Britain but the prices have been very stable, growing at a yearly rate of about 4%. Terraced properties go for an average price of £160,000. Semi-detached houses, on the other hand, sell for about £170,000.
Loft Conversion for a “Better Fit”
If you have a feeling that your home is getting too small, moving to a bigger house isn’t the only solution to get more space. Loft conversion will perhaps give you all the space you need to feel good in your home again. Call 0800 907 8575 and we will send one of our Newcastle based consultants to survey your home and discuss your options.