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

UK towns with biggest house price rises revealed

Written by: Lana Clements
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.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week