The average house price in Heaton has gone down by nearly 5% according to data released recently, in only a 6 month period, from June to the start of this year.
With house prices in NE6 already being below the average for the city, it is not ideal for homeowners in the area for their property to devalue.
House prices nationally have been and are predicted further, to be relatively unchanged throughout the year, so the sudden drop for Heaton is worrying. Though most of Newcastle seems to have followed the trend of Heaton with house prices declining in most areas of the city, including neighbouring areas of Jesmond and Byker.

The average sale of house in Heaton is now lower than £200,000 which is now significantly lower than the national average.

Privately renting landlords will be the hardest hit by these figures, with house prices falling it is unlikely more properties will be bought for renting, as well as this will be in fear landlords about their investment, with the property prices decreasing.
Richard Faulkner has multiple houses in the Heaton and Jesmond area and is concerned about the uncertainty in house prices.
“It’s never good for anyone when houses prices are lowering, especially for me as a landlord. I rent to student mostly and this type of uncertainty means I could have to increase my rents, which is something I don’t want to do.”
It is unknown if the decrease in house prices is in response to proposed plans by Newcastle City Council to move students out of residential areas out of the suburbs of Heaton, Jesmond and Sandyford, via incentivising landlords to transition properties from student housing to family dwellings, though the council refutes this.
A major worry of decreasing house prices, is that it may lead to an influx of abandoned and unoccupied homes. Communities in countries all over the world when experiencing a lowering of house prices, has seen the emergence to near ghost towns in their communties.
UK cities such as Liverpool and Birmingham have seen whole streets empty due to the housing situation, and there may be a worry that Heaton could follow suite. Internationally cities such as Detroit and Cleveland in the US have whole areas completely unoccupied with no housing market whatsoever.

Though it could be worse for Heaton, as the nearby area of Walker has seen a decrease in its average house sale of nearly 20%, the largest decrease in Tyneside.
With the housing market being an unstable and changing environment the hope is that house prices will recover in the area and hopefully improve, and Heaton will get on the road to recovery.







