Sudbury in Suffolk saw asking prices rise by 13.1% this year, the highest rate of growth across Great Britain.
That’s compared to a national annual rise of 1.2%, property website Rightmove found.
Prices being demanded in the town rose from £234,569 to £265,291.
Dan Gurney, area manager at William H Brown Estate Agents in Sudbury, said: “Sudbury ticks all the boxes in terms of location, standard of living, mix of attractive properties and wealth of amenities.
“It’s a thriving market town with picturesque countryside on its doorstep so, all combined, it’s no surprise that it tops the table for price growth.
“Sudbury is a property hotspot for those buyers attracted to its close proximity to Cambridge and range of Georgian and Victorian properties, plus we’ve seen a wave of buyers from London – it has certainly benefitted from a ‘ripple out’ effect where buyers look for more for their money away from climbing city house prices.”
Homes have been sold the quickest in Livingston in West Lothian, Scotland, with the average home finding a buyer in just 23 days, seven days quicker than in 2016.
The national average time to sell is 67 days, measured from when the property was first listed on Rightmove to it being marked by agents as ‘under offer’ or ‘sold subject to contract’.
Simon Thomas, owner of RE/MAX Estate Agents in Livingston, said: “Livingston has become extremely popular with people working in Edinburgh as it’s more affordable and there are trains that can get you in to the centre within 30 minutes, adding to an already buoyant local market.
“Sales have been strong this year, especially in the first-time buyer sector with homes up to around £140,000, as well as family homes up to around £250,000.
“Supply has been quite tight which has led to buyers finding themselves up against a lot of competition to secure the home they want, which has led to properties selling more quickly than before.”
Manchester is no longer the most searched for place outside London this year, with Bristol returning to top spot for the most buyer and rental searches.
York and Norwich rose a place each for buyer searches, while Edinburgh rose to fourth, climbing up from 10th spot last year.