You are here: Home - News -

UK towns with biggest house price rises revealed

  • 02/01/2018
  • 0
UK towns with biggest house price rises revealed
Cheltenham house prices reaped the largest growth over the last year out of all towns in Britain, analysis has shown.



Values jumped by a typical £36,032 – or 13% – to reach an average £313,150 in the Gloucestershire town during 2017, according to research by lender Halifax.

House prices in the UK increased by an overall average of 2.7% over the 12 months.

Bournemouth and Brighton home values also saw bumper growth of 11%.

Of the top 20 house price hotspots, 15 were in London and the South, including Crawley and Newham with growth of 10%.

In the North, Huddersfield had the highest growth with a 9% increase.


Biggest price falls in Scotland and Yorkshire

House prices were recorded as falling in 13 towns.

Values in Perth tumbled by 5.3% to an average £180,687.

Also in Scotland, Paisley and Dunfermline prices fell by 3.6% and 2.2% respectively.

In Stoke on Trent values dropped by 4% and in Wakefield by 2.9%.

Russell Galley, managing director of Halifax said: “Unlike last year, the top performers are not exclusive to London and the South East, with the top spot now belonging to Cheltenham in the South West, and towns in East Anglia, East Midlands, North West, Wales and Yorkshire and the Humber also making the list.

“The majority of towns in which house prices have dropped in the last year, are situated within Scotland or Yorkshire and the Humber.

“Generally speaking, property prices in these areas have been constrained by lower employment levels or relatively weaker economic conditions when compared to those areas that have seen house price growth,” he added.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Lending rises rapidly as remortgaging boost takes hold

Mortgage lending rose 13.5% year-on-year in October to reach £23.1bn up from £20.3bn in the same month in 2016, according...