Fastest rising house price areas in 2017
19th January 2018
The East Midlands and Wales saw the value of homeowners’ properties rise faster than anywhere else in the UK last year, according to the UK’s largest mortgage lender.
Halifax said that both areas saw prices rises of 8% during 2017.
The West Midlands also saw strong gains where prices went up by 5%, and 4.9% in the South West. The slowest increase for six years was seen in London where prices rose by just 1%.
At the other end of the scale, Scotland saw a small fall of 0.2%, while prices in Northern Ireland fell by 5.6%.
Earlier this week, Halifax said that prices rose by 2.7% across the UK in 2017, less than 50% of the growth rate in 2016.
There are still four areas that have lower prices than a decade ago: Scotland, Northern Ireland, Wales and the north of England and Wales.
Over the past 10 years, the best performing regions include the South East, where values have risen by 32% and London, where prices have risen by a whopping 45% since 2007.
Cheltenham saw the largest price increase in 2017. During the year, values increased by 13% in the Gloucestershire town.
Perth in Scotland saw the largest fall in property value, with a decline of 5.3%.
Want to see how values are doing in your area, visit the link below.
Employee of the Month – April 2024
9th April 2024
Our Employee of the Month for April 2024 is one of our Maintenance Administrators – Maddie Breed! Maddie has been…
Sales Blossom in Spring
9th April 2024
In the past five years (excluding 2020 due to Covid), springtime bloomed with 27% of home sales, the highest proportion…
Spring budget 2024
7th March 2024
The Spring Budget this year felt very much like a keep calm and carry on budget for the housing market….