HOUSE prices in Bolton have started to rise faster than the national average, new government figures show.

The latest statistics from Land Registry records for home sales published yesterday show the average property in the borough sold for £133,646 in May compared to £130,374 the year before.

The increase of 2.5 per cent is well above the national average increase of just one per cent.

At the beginning of 2018, house prices in Bolton were rising by just 0.2 per cent annually - one the 15 lowest rates in the country according The Halifax bank.

But the borough's improved house price growth was outstripped by neihgbouring Bury which saw a 7.4 per cent increase from £165,572 to £177,792 according to the UK House Price Index from the Office of National Statistics.

Cllr Martyn Cox, deputy leader of Bolton Council responsible for development and regeneration, said: "Whether its good news or not depends on whether you own a home or not.

"If you have a house it's good news, If you don't own one, it's not such good news.

"In as much as house price statistics are an indicator of economic growth, then this is good news for the borough."

House prices in Bolton, especially in the centre of the town, have stagnated for more than 20 years

The average price of a property in England was £245,817 according to the index.