You are here: Home - Mortgages - Buy To Let - News -

UK towns with biggest house price rises revealed

0
Written by: Lana Clements
02/01/2018
Cheltenham house prices reaped the largest growth over the last year out of all towns in Britain, analysis has found.

Values jumped by a typical £36,032 – or 13% – to reach an average £313,150 in the Gloucestershire town during 2017, according to research by lender Halifax.

House prices in the UK increased by an overall average of 2.7% over the 12 months.

Bournemouth and Brighton home values also saw bumper growth of 11%.

Of the top 20 house price hotspots, 15 were in London and the South, including Crawley and Newham with growth of 10%.

In the North, Huddersfield had the highest growth with a 9% increase.

Biggest price falls in Scotland and Yorkshire

House prices were recorded as falling in 13 towns. Values in Perth tumbled by 5.3% to an average £180,687.

Also in Scotland, Paisley and Dunfermline prices fell by 3.6% and 2.2% respectively.

In Stoke on Trent values dropped by 4% and in Wakefield by 2.9%.

Russell Galley, managing director of Halifax, said: “Unlike last year, the top performers are not exclusive to London and the South East, with the top spot now belonging to Cheltenham in the South West, and towns in East Anglia, East Midlands, North West, Wales and Yorkshire and the Humber also making the list.

“The majority of towns in which house prices have dropped in the last year, are situated within Scotland or Yorkshire and the Humber.

“Generally speaking, property prices in these areas have been constrained by lower employment levels or relatively weaker economic conditions when compared to those areas that have seen house price growth,” he added.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2293751-gymtraining
Hitting the gym in 2018? Top tips to keep your wallet healthy

With many people set to hit the gym as part of their New Year's resolutions, here are ways to avoid...

Close