You are here: Home - News -

London and Scotland house prices slump as West Midlands soars – Zoopla

by:
  • 26/07/2019
  • 0
London and Scotland house prices slump as West Midlands soars – Zoopla
London and Scotland have seen notable falls in property values over the first half of 2019 while the West Midlands realised the healthiest growth in Great Britain, according to Zoopla.

 

The figures highlight the high regional variation that has characterised the housing market over the last 18 months.

Analysis by Zoopla found that properties in the West Midlands had risen in value by 2.9 per cent since January – from an average of £230,676 to £237,371.

This was by far the strongest performance with North West England and North Wales also faring well with 1.88 per cent and 1.73 per cent growth respectively.

This took the average property value in North West England to over £200,000, reaching £202,177, with the Wales average up to £193,910.

However, in contrast London and Scotland saw falls of almost two per cent – down 1.94 per cent and 1.93 per cent respectively.

This took the average London property to £657,500 from £670,535, with prices in Scotland down to a more modest £191,174 from £194,942.

 

Rising towns

Zoopla also highlighted the towns which had seen the largest increases in price during the year so far.

Berkhamstead saw the largest value gain of £33,875, up 4.96 per cent, to reach an average price of £717,231.

This was followed by Reigate which saw values rise £33,723, or 5.78 per cent, to hit £617,115.

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
HSBC building
HSBC cuts tracker and fixed mortgage rates

HSBC UK has reduced some of its fixed and tracker rates across a range of loan to values (LTVs).

Close