Property experts Zoopla say the average Carlisle property price has increased 4.1 per cent on over the past year.
The increase translates to an additional £7,000 on the value of a typical Carlisle home and is shown in the July update to Zoopla’s House Price Index.
Carlisle’s average property price is £178,900 after the rise, still well below the UK average of £272,800.
However, Carlisle’s valuation increase shows it is outpacing the UK average growth.
UK average property prices increased by 0.9 per cent in the past year, according to Zoopla’s July House Price Index.
And over five years, Carlisle has seen house values climb by 21.3 per cent.
Carlisle was ranked among the top five best performing areas in the North West region for annual growth.
Activity in the housing market typically drops over the summer but business is expected to pick-up over the autumn, September being one of the busiest months.
Zoopla analysts say that “sellers who price realistically are likely to benefit most” from the autumn sales boom.
“The proportion of homes receiving price reductions of five per cent or more typically peaks in September, as sellers adjust expectations to reflect current demand,” they said.
Zoopla has also said that “the strength of the autumn recovery will also depend on mortgage rates remaining stable.”
Analysts believe that any further increases to mortgage rates could delay improvements in buyer confidence.
Zoopla’s has said that mortgage rates increased to about 4.75 per cent in July, up from 4.65 per cent in June.
Homeowners have typically seen mortgage repayments increase by about £125 per month, or £1,500 per year.
House price growth is likely to slow across the country in the second half of 2026 but “prices are likely to remain more resilient in the North of England and Scotland.”
Zoopla predicts that mortgage rate “will remain the biggest factor shaping the market” in the second half of 2026, it says that a fall below 4.5 per cent would be welcome, improving affordability and encouraging more buyers to move.
It also hopes that the Autumn Budget, set to be announced by Chancellor of the Exchequer John Healey in October, “will also influence confidence.”
