fbpx

Biggest house price jumps revealed

Jessica Nangle

December 19, 2019

residential property transactions

Research by lettings and estate agent Benham and Reeves has revealed the areas with the best and worst house price growth since 2010.

Using Land Registry data, the research found that UK house prices have increased by 38.9% from an average of £168,703 to £243,370.

England saw the largest increase of all UK nations at 42.4%, whilst London has seen the largest regional growth at 66.3%.

Outside of London, the largest increases were seen in Slough (75.5%), Corby (71.6%), Harlow (70.1%) and Medway (67.7%).

Aberdeen saw the worst house price performance since 2010 with a decline of 7.1%.

Marc von Grundherr, director of Benham and Reeves, said: “However, it’s encouraging to see that despite all the political and economic uncertainty that has been thrown at the UK property market over the last few years, house prices have grown in almost all areas of the UK.

“Although we probably won’t see snow this Christmas, this almost decade long stint of positive market momentum is unlikely to let up and we should see yet further upward growth gifted to UK homeowners this coming year.”


Sign up to our daily email