House prices rise strongly in Huddersfield

Tuesday, January 2, 2018

Going up – town named as place with greatest house price inflation

 

Winners and losers in last year’s house buying stakes included Cheltenham – a home to British horse racing.

House prices galloped ahead by 13% in the town, making it the top place in Britain for growth.

It was followed by the seaside towns of Bournemouth and Brighton, both with house price inflation of over 11%.

Huddersfield also scored highly, with 9.3% growth in house prices.  Although other towns in West Yorkshire faired less favourably.

However, there were 13 towns where house prices fell.

In Perth, Scotland, they were down by 5.3%, followed by Stoke-on-Trent with a fall of 4%.

The tables show some surprises: London boroughs barely feature in either the winners or losers tables; previous high-fliers Cambridge and Oxford have gone quiet; and Leeds, Reading and Norwich are either down or showing almost static growth.

Of course it does depend who you listen to and there is a big difference between asking prices on the portals, and prices where mortgage lenders have agreed loans.

According to Zoopla, the town with the homes that have piled on most value include Ashbourne, Derbyshire, up 11.59%, and Clevedon in Somerset, with an uplift of 11.6%.

Also according to Zoopla, homes across London have barely appreciated in value over the last year, going up by an average of just 0.73%, while in the north-east of England, values are down 0.35%.

Table 1: 20 towns with biggest increase in average house prices, 2016-2017 according to Halifax

Town/Area

Region

Average House Price £ (2016)*

Average House Price £ (2017)*

Change £

Change %

Cheltenham

South West

277,118

313,150

36,033

13.0%

Bournemouth

South West

245,099

273,687

28,587

11.7%

Brighton

South East

336,374

374,662

38,289

11.4%

Crawley

South East

293,105

323,660

30,555

10.4%

Newham

Greater London

365,438

402,781

37,344

10.2%

Peterborough

East Anglia

200,309

220,623

20,314

10.1%

Gloucester

South West

211,429

231,581

20,152

9.5%

Huddersfield

Yorkshire and the Humber

171,007

186,988

15,981

9.3%

Exeter

South West

251,085

273,874

22,789

9.1%

Nottingham

East Midlands

177,513

193,397

15,884

8.9%

Gravesend

South East

287,544

312,940

25,396

8.8%

Lincoln

East Midlands

179,669

194,723

15,053

8.4%

Stockport

North West

217,410

235,147

17,736

8.2%

Swindon

South West

214,633

231,316

16,683

7.8%

Redbridge

Greater London

441,167

475,148

33,981

7.7%

Swansea

Wales

153,121

164,895

11,774

7.7%

Barnet

Greater London

542,353

584,049

41,697

7.7%

Richmond Upon Thames

Greater London

600,648

646,112

45,463

7.6%

Portsmouth

South East

207,196

222,704

15,508

7.5%

Grays

South East

270,277

290,422

20,145

7.5%

United Kingdom

 

247,933

254,609

6,677

2.7%

Source: Halifax (*12months to November)

Table 2: 20 towns with biggest fall/smallest rise in average house prices, 2016-2017

Town/Area

Region

Average House Price £ (2016)*

Average House Price £ (2017)*

Change £

Change %

Perth

Scotland

190,813

180,687

-10,126

-5.3%

Stoke on Trent

West Midlands

158,742

152,340

-6,402

-4.0%

Paisley

Scotland

128,258

123,665

-4,593

-3.6%

Wakefield

Yorkshire and the Humber

173,997

168,920

-5,076

-2.9%

Rotherham

Yorkshire and the Humber

143,510

140,364

-3,146

-2.2%

Dunfermline

Scotland

161,976

158,442

-3,535

-2.2%

Barnsley

Yorkshire and the Humber

137,352

135,114

-2,238

-1.6%

Aberdeen

Scotland

203,425

201,270

-2,155

-1.1%

Bromley

South East

491,383

488,191

-3,192

-0.6%

Bradford

Yorkshire and the Humber

132,018

131,505

-514

-0.4%

Leeds

Yorkshire and the Humber

192,480

191,751

-728

-0.4%

Hounslow

Greater London

439,405

438,497

-909

-0.2%

Sunderland

North

144,341

144,085

-257

-0.2%

Stevenage

South East

297,221

297,737

516

0.2%

Bolton

North West

155,467

155,796

330

0.2%

Tower Hamlets

Greater London

492,182

493,855

1,673

0.3%

Harrow

Greater London

546,917

550,410

3,493

0.6%

Reading

South East

379,695

382,331

2,636

0.7%

Bridgend

Wales

157,924

159,091

1,167

0.7%

Norwich

East Anglia

237,380

239,135

1,756

0.7%

United Kingdom

 

247,933

254,609

6,677

2.7%

Source: Halifax (*12months to November)

Article ROSALIND RENSHAW, Property Industry Eye