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Where did property prices rise fastest this year?

Alex Johnson

db2f3d35b7e1e922213bd80baf27e5dd9bc64aac 300x214 Where did property prices rise fastest this year?The value of the average home in Britain has risen by £3,373 over the last 12 months, according to new figures from property website Zoopla.co.uk, one of The Independent’s partners. The average home value across the country is now £226,369, down £609 from three months ago.

The increase in property values over the past year was evident in all but three regions of Britain, the North West, (down 2.5%), Wales (down 1.4%) and Yorkshire and The Humber (down 0.55%).

Property prices in London continued to rise at a far faster pace than the rest of Britain over the past year. The average property value in the capital rose by £30,259 (7.3%) while the South East saw a 3.4% increase in average values.

“It’s been a relatively flat but stable year for house prices,” said Lawrence Hall of Zoopla.co.uk, “with most parts of the country seeing modest growth. London, however, continues to pull away from the rest of the market and has experienced strong growth again over the past year.”

AVERAGE PROPERTY VALUES IN BRITAIN BY REGION

Region Avg. today Avg. 12m ago £ Change % Change
London £444,393 £414,134 £30,259 7.31%
South East England £290,092 £280,634 £9,458 3.37%
North East England £158,974 £154,931 £4,043 2.61%
South West England £231,150 £225,586 £5,564 2.47%
East of England £240,485 £240,351 £134 0.06%
East Midlands £162,268 £159,343 £2,925 1.84%
West Midlands £172,719 £171,038 £1,681 0.98%
Yorkshire and The Humber £143,363 £144,037 -£674 -0.47%
North West England £154,503 £158,506 -£4,003 -2.53%
Wales £154,767 £156,101 -£1,334 -0.85%
Scotland £163,076 £162,069 £1,007 0.62%

BEST PERFORMING CITIES IN BRITAIN OVER LAST 12 MONTHS

Rank Location Avg. value October 2012 Avg. value October 2011 £ Change % Change
1 London £444,393 £414,134 £30,259 7.31%
2 Wolverhampton £157,884 £150,254 £7,630 5.08%
3 Coventry £150,343 £143,934 £6,409 4.45%
4 Bournemouth £228,054 £220,177 £7,877 3.58%
5 Bedford £225,113 £217,344 £7,769 3.57%
6 Milton Keynes £214,217 £207,137 £7,080 3.42%
7 Derby £157,561 £152,413 £5,148 3.38%
8 Sheffield £155,508 £150,460 £5,048 3.36%
9 Reading £296,354 £287,712 £8,642 3.00%
10 Colchester £220,019 £214,406 £5,613 2.62%

WORST PERFORMING CITIES IN BRITAIN OVER LAST 12 MONTHS

Rank Location Avg. value October 2012 Avg. value October 2011 £ Change % Change
1 Peterborough £161,974 £167,725 -£5,751 -3.43%
2 Aberdeen £206,769 £213,951 -£7,182 -3.36%
3 Wigan £128,993 £132,883 -£3,890 -2.93%
4 Walsall £142,817 £145,994 -£3,177 -2.18%
5 Swansea £145,933 £148,814 -£2,881 -1.94%
6 Barnsley £118,358 £120,638 -£2,280 -1.89%
7 Preston £158,718 £161,363 -£2,645 -1.64%
8 Liverpool £134,656 £136,843 -£2,187 -1.60%
9 York £218,800 £222,211 -£3,411 -1.54%
10 Doncaster £128,511 £130,455 -£1,944 -1.49%

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  • Sean Mitchell

    Could be because there is a huge economic boom going on (usually the explanation) or could be because although everything is stagnant some people have the land and some don’t and everybody needs somewhere to live.

  • http://www.facebook.com/dick.disaster Dick McLaughlin

    Surely not that much growth when pitched against inflation?


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