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Where are the UK’s top property hotspots?

by Stephen Little
July 20, 2017
Where are the UK’s top property hotspots?
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belperderbyshireBelper in Derbyshire has been named as the UK’s top property hotspot, new research shows.

According to Zoopla, property in Belper has shot up by 7.43% since the start of the year, higher than anywhere else in the UK.

It was followed by Hove in East Sussex with growth of 7.07% and Todmorden in West Yorkshire, which has seen house prices go up by 6.66%.

The figures also show that the average British home has gone up by £3,039 since January, taking the average price for a property up to £304,469.

Properties in the West Midlands have gone up the most the most in value over the first half of the year by 2.6% to £217,534.

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This region is closely followed by the East of England and Scotland with average property price increases of 2.52% and 1.74%, respectively.

Wales places last as property prices have dipped by an average of 0.86% to £179,354, closely followed by the North East (-0.76%) and South West (0.26%).

Yorkshire’s Richmond is currently Britain’s worst performing town as average property prices have dropped by 5.34% since the beginning of the year.

Average values in London have only grown by 0.50% since the start of the year, bringing the average cost of a home to £673,344. This is in contrast to the first half of 2016 when property prices rose by an average of 3.5%.

Lawrence Hall, spokesperson for Zoopla, said: “Whilst the rate of growth has slowed to a more modest rate, we’re not seeing the stark downturn in values that has been predicted. Whilst this slowdown might not be what homeowners want to hear, a slowdown does present a possible opportunity for those looking to get on the ladder by the end of the year.”

Regional value changes since January 2017

Ranking Region January Value (£) July Value (£) £ Change % Change
1 West Midlands £212,024 £217,534 £5,510 2.60%
2 East of England £343,866 £352,552 £8,686 2.53%
3 Scotland £180,878 £180,878 £3,086 1.74%
4 Yorkshire and The Humber £168,780 £170,629 £1,849 1.10%
5 East Midlands £205,305 £207,019 £1,714 0.83%
6 North West England £186,096 £187,503 £1,407 0.76%
7 South East England £403,439 £406,130 £2,691 0.67%
8 London £669,977 £673,344 £3,367 0.50%
9 South West England £292,913 £293,689 £776 0.26%
10 North East England £187,250 £185,820 -£1,430 -0.76%
11 Wales £180,907 £179,354 -£1,553 -0.86%

Source: Zoopla, July 2017

Top 10 towns with the highest price growth

Ranking Town January Value (£) July Value (£) £ Change % Change
1 Belper, Derbyshire £223,330 £239,927 £16,597 7.43%
2 Hove, East Sussex £432,363 £462,947 £30,584 7.07%
3 Todmorden, West Yorkshire £143,299 £152,840 £9,541 6.66%
4 Woodbridge, Suffolk £361,735 £385,585 £23,850 6.59%
5 Sudbury, Suffolk £300,206 £319,907 £19,701 6.56%
6 Bexley, Kent £448,550 £477,981 £29,431 6.56%
7 Langport, Somerset £303,297 £323,171 £19,874 6.55%
8 Swanley, Kent £340,572 £362,671 £22,099 6.49%
9 Worcester Park, London £463,158 £492,850 £29,692 6.41%
10 Holyhead, Anglesey £147,720 £157,015 £9,295 6.29%

Source: Zoopla, July 2017

Bottom 10 towns for house price growth

Ranking Town January Value (£) July Value (£) £ Change % Change
1 Richmond, North Yorkshire £267,539 £282,624 -£15,085 -5.34%
2 Leatherhead, Surrey £793,918 £837,621 -£43,703 -5.22%
3 Walton-on-Thames, Surrey £622,217 £656,445 -£34,228 -5.21%
4 Altrincham, Manchester £459,718 £484,788 -£25,070 -5.17%
5 Pwllheli, Gwynedd £228,125 £239,853 -£11,728 -4.89%
6 Weybridge, Surrey £926,228 £973,752 -£47,524 -4.88%
7 Southwell, Nottinghamshire £349,602 £366,175 -£16,573 -4.53%
8 Ellesmere Port, Cheshire £165,367 £172,697 -£7,330 -4.24%
9 Burnley, Lancashire £117,677 £122,745 -£5,068 -4.13%
10 Pontefract, West Yorkshire £147,502 £153,671 -£6,169 -4.01%

Source: Zoopla, July 2017

 

Tags: Belperhouse pricesZoopla
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