Monday 22 July 2013

Biggest house price risers and fallers in the UK


THERE is a distinctly Welsh feel to the top performers in the latest Land Registry house price report for England and Wales.
Welsh counties take the top three spots in the price rise table for the 12 months to the end of May - surprising given that Wales itself saw a 1.2% dip in prices over that period. 
Leading the way is Blaenau Gwent in South East Wales where prices are recovering from their low point in 2012.  
The former prosperous industrial area that has run into bleak economic times in recent decades saw prices rise 16.6% over the past 12 months - putting £11,500 on the average home. 
The average price remains one of the UK 's lowest at just over £80,000.
Rural Ceredigion and Gwynedd were the next best performers, up 7.3% and 6% respectively.
Prices now stand at £161,995 in Ceredigion and £140,855 in Gwynedd.
The next top movers were Greater London which saw prices rise 5% over 12 months bringing the average house price up to £375,068.
Reading was fifth in the list seeing a 4.9% rise with the average house in the Berkshire town now costing £200,821.

Biggest fallers

At the other end of the table the biggest drop in prices came in Middlesbrough in the North East. 
The town on the bank of the River Tees saw prices drop 10.2% in 12 months, a fall of around £8,000 on the average home. Prices now stand at £73,522.
The seaside resort of Blackpool was the next worst with a fall of 8.7% and prices down to £74,737.
The Isle of Anglesey in North Wales was next after seeing average prices go down 7.3% to £124,110.
The City of Nottingham saw a 6.4% decrease in prices to an average of £82,071 while North Lincolnshire was down 5.2% to £97,957.

Look out for breakdown on London and other metropolitan areas on the blog tomorrow.
For House Price UK homepage click here

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