Based on the Halifax’s house price data, the average selling price in Woking was 16% higher than in the previous year, increasing from £257,590 in 2010 to £299,654 in 2011.
Falkirk in Scotland experienced the second biggest rise in house prices with a 12% gain. Towns in London and the South East accounted for nine of the 20 towns recording the strongest price rises in 2011.
Overall, 28% of the towns surveyed saw some increase in prices over the year. The majority of the worst performers were outside southern England.
Kettering in Northamptonshire and Dunfermline in Scotland experienced the largest falls in average selling prices in 2011, both recording declines of 15%.
Nine of the ten towns that saw the biggest declines in property values are outside southern England, reflecting the generally weaker performance of the housing market outside the south.
Scotland recorded a very mixed performance with two towns in the top ten, Falkirk and Inverness, and two in the bottom ten, Dunfermline and Ayr.
Martin Ellis, housing economist at the Halifax said: “Whilst house prices nationally have been largely unchanged in recent months, there have been significant differences in performance in towns across the country. The two towns recording the biggest rises are both within easy commuting distance of major commercial centres.
“In contrast, the majority of towns that have fared worst in house price terms are outside southern England where economic conditions have tended to be less favourable. This makes it especially difficult to predict the course of house prices over the next 12 months. Overall, we expect broad stability in house prices nationally during 2012.”
