UK house prices: The British towns with the fastest rises in house prices
London house prices rose by an average of just under 1.5 per cent in the first three months of the year, but across Britain, the place for the highest growth in property value was Sidcup in Kent.
According to new data from Zoopla, the total value of the British residential property market rose by 1.4 per cent or £114bn during the first quarter of the year, which marked a rosier state of affairs than the same time last year.
Zoopla’s data from last year had the property market shrinking by £29bn, a slight dip of 0.4 per cent.
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London’s 1.5 per cent rise marked an average increase of £9,841 for properties in the capital.
Sidcup in Kent recorded a near 2.9 per cent rise in prices, and was followed by Heathfield, Wallingford and Glastonbury as the places for the highest growth in value across the UK.
The top British towns for value increases in property for the first quarter:
Ranking
Towns
Average value January (£)
Average value March (£)
£ increase in value Q1
% increase in value Q1
1
Sidcup, Kent
£406,729
£418,490
£11,761
2.89 per cent
2
Heathfield, East Sussex
£436,202
£448,727
£12,525
2.87 per cent
3
Wallingford, Oxfordshire
£488,157
£502,017
£13,860
2.84 per cent
4
Glastonbury, Somerset
£305,889
£314,476
£8,587
2.81 per cent
5
Darwen, Lancashire
£126,552
£130,104
£3,552
2.81 per cent
6
Faversham, Kent
£328,246
£337,389
£9,143
2.79 per cent
7
Batley, West Yorkshire
£140,069
£143,947
£3,878
2.77 per cent
8
Devizes, Wiltshire
£319,906
£328,744
£8,838
2.76 per cent
9
Kenilworth, Warwickshire
£397,190
£408,085
£10,895
2.74 per cent
10
Hungerford, West Berkshire
£454,053
£466,188
£12,135
2.67 per cent
As for a wider regional breakdown, North West England had the highest average rise, followed by the East Midlands, Yorkshire and the Humber, West Midlands and then London in fifth.
Zoopla said: “Homeowners may be relieved to see that the market has had a more positive start to 2018 than 2017. House price growth outside London and the north is robust and shows little sign of slowing. Demand is holding up and affordability is attractive which is a positive for those looking to get on the ladder or move home.”
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