Mike Smuts December 30, 2016 Uncategorized no responses

Where were the UK’s top house price performers of 2016?

A new report from Halifax looked at the UK’s top house price performers of 2016, to reveal the biggest percentage rises in house prices among major UK towns and cities over the past year.

Key Findings

  • At the top of the list was Luton where the average house price in Luton was 19.4% higher than in the previous year, increasing from £214,934 to £256,636 in 2016.
  • Barking and Dagenham experienced the second biggest rise in average house prices with an increase of 18.6%.
  • Dunstable completes the top three with a 17.9% rise in the past year.
  • All 10 top performers are in London and the South East. Basildon (17.2%), Chatham (17.1%), Tower Hamlets (15.8%), Watford (15.3%) and Basingstoke (15.1%)

These areas were more than two and a half times the 7.5% increase in the UK as a whole. With a key factor being that all were within easy commuting distance of Central London and has relatively low property prices.