Home costs in Taunton, Somerset elevated by greater than 3 times the nationwide common price in 2021, making it essentially the most sought-after location within the UK.
In line with analysis by Halifax, common home costs within the city rose by greater than a fifth (21.8 per cent), whereas the remainder of the UK noticed a median improve of 6.2 per cent.
Consultants imagine the city’s surrounding countryside, which extra individuals have yearned for in the course of the pandemic, could also be behind the rise within the common home costs, which rose by £56,546 to £315,759.
Final summer season, Rightmove reported that enquiries from metropolis residents about rural properties had risen by 126 per cent. It mentioned most of those enquiries got here from individuals dwelling in London, Liverpool and Birmingham.
Chippenham – one other city surrounded by rural landscapes – additionally noticed a pointy improve in home costs, with the typical rising by £58,322 to £381,181.
Of the 20 hotspots the place home costs elevated essentially the most, London didn’t seem anyplace on the checklist.
The realm of the capital with the best development was Enfield, the place the typical home worth rose by 6.8 per cent to £512,135.
Home costs within the central London borough of Westminster noticed the largest fall of any space, with a median lower of 6.9 per cent.
“Because the county city of Somerset, this yr’s home worth winner, Taunton, has lots to supply home-buyers with its prime quality of life and nice transport hyperlinks to main cities and cities throughout the South West,” Russell Galley, managing director of Halifax mentioned.
“Like Taunton, most of the areas that noticed the largest home worth development during the last yr get pleasure from a mixture of higher affordability and area in comparison with close by cities.
“Locations like Bolton, Newark, Bradford and Hamilton – the place there are a broad vary of property varieties and settings – all provide considerably higher worth than their extra metropolitan neighbours.”
Galley mentioned this was most clearly mirrored in London, the place it’s “uncommon” for no boroughs to look within the checklist of locations that had the best development.
“This shift echoes what we’ve got seen from home-buyers during the last yr – much less concentrate on main cities and extra demand within the suburbs and additional afield.”
Listed below are the highest 20 hotspots with the best development within the common home worth over the previous yr, based on Halifax.
- Taunton, South West, £315,759, plus £56,546
- Newark, East Midlands, £280,934, plus £46,732
- Rochdale, North West, £206,098, plus £32,123
- Chippenham, South West, £381,181, plus £58,322
- Braintree, South East, £356,216, plus £54,236
- Widnes, North West, £222,876, plus £33,628
- Motherwell, Scotland, £177,118, plus £26,103
- Bolton, North West, £212,671, plus £30,818
- Hereford, West Midlands, £306,872, plus £44,336
- Walsall, West Midlands, £230,972, plus £31,614
- Bradford, Yorkshire and the Humber, £170,684, plus £23,323
- Swansea, Wales, £211,590, plus £28,360
- Kettering, East Midlands, £285,103, plus £36,783
- Maidstone, South East, £370,964, plus £47,756
- Wirral, North West, £276,042, plus £34,936
- Scunthorpe, Yorkshire and the Humber, £176,186, plus £21,986
- Doncaster, Yorkshire and the Humber, £201,824, plus £25,096
- Hamilton, Scotland, £159,176, plus £19,225
- Newton Abbot, South West, £326,623, plus £42,014
- Spalding, East Midlands, £264,668, plus £33,70
Listed below are the 20 coldspots with the bottom development in common home costs, based on Halifax.
- Westminster, London, £738,088, minus £54,809
- Airdrie, Scotland, £150,874, minus £6,023
- Hammersmith and Fulham, London, £716,541, minus £24,525
- Coatbridge, Scotland, £145,880, minus £3,435
- Islington, London, £716,554, minus £11,368
- Kirkcaldy, Scotland, £157,663, plus £1,774
- Oxford, South East, £482,893, plus £5,808
- Croydon, London, £436,441, plus £6,502
- Inverness, Scotland, £198,672, plus £3,137
- Cambridge, East Anglia, £473,790, plus £8,600
- Dartford, South East, £353,714, plus £6,616
- Gravesend, South East, £356,196, plus £8,830
- Stockton-on-Tees, North East, £190,736, plus £4,739
- Waltham Cross, South East, £414,071, plus £10,863
- Glenrothes, Scotland, £151,945, plus £4,695
- Bexley, London, £416,390, plus £14,444
- Waltham Forest, London, £530,176, plus £20,733
- Havering, London, £428,012, plus £16,927
- Sutton, London, £481,265, plus £19,529
- Rochester, South East, £325,974, plus £13,499
Kaynak: briturkish.com
