Fastest rising house price areas in 2017
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.
Summer welcome rep
17th April 2019
Looking for a summer job? We need you! As you can imagine the summer is a very busy time here…
Employee of the month – March
6th April 2019
Koz is employee of the month for March! Koz has had a lot on his plate this month and getting…
Big day for Brighton & Hove Albion
6th April 2019
The 6th of April 2019 is a day a lot of the residents of Brighton and Hove (and surrounding areas)…