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The local authorities where house prices have jumped up to 18 per cent

  • 14/11/2023
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The local authorities where house prices have jumped up to 18 per cent
Average house prices have risen in 70 local authority areas over the last year, new research from Halifax has revealed.

That’s in contrast to the national average, where prices have dropped by 3.9 per cent over the previous 12 months.

The Halifax study analysed house prices in more than 300 local authority areas across the country in the three months to September, compared with the equivalent figures from the same period of last year.

While 70 local authorities have seen some growth, certain areas have seen more substantial rises than others.

For example, Powys in Wales has enjoyed annual house price growth of 17.4 per cent, the equivalent of a jump of more than £37,000 in cash terms.

Here is how the 10 local authorities with the largest price jumps shape up according to the Halifax study:

Local authority area Nation
House price Q3 2022 House price Q3 2023 Annual percentage change Annual change (£)
Powys Wales £216,307 £253,958 +17.4 per cent £37,651
East Lindsey East Midlands £194,533 £220,421 +13.3 per cent £25,888
Moray Scotland £162,258 £179,606 +10.7 per cent £17,347
Babergh Eastern England £317,383 £349,965 +10.3 per cent £32,583
Sunderland North East £138,579 £150,862 +8.9 per cent £12,283
Ealing London £494,100 £531,127 +7.5 per cent £37,027
Westminster / City of London London £714,242 £767,350 +7.4 per cent £53,108
Bolsover East Midlands £167,398 £179,453 +7.2 per cent £12,054
Cumberland North West £165,346 £176,470 +6.7 per cent £11,124
Rossendale North West £185,658 £198,102 +6.7 per cent £12,444


Kim Kinnaird, director of Halifax Mortgages, noted that there are multiple factors which can impact house prices in a local area, ranging from availability and quality of housing to local schools and job opportunities.

She continued: “What’s clear is that the UK housing market is not a single-entity that performs in a uniform way across the country, there are differences. While at a national level the current squeeze on mortgage affordability has seen property prices fall over the last year, in many regions there remain pockets of house price growth. 

“While a limited supply of properties for sale could be a factor, this also suggests in some areas, local market activity – and demand among buyers – remains strong.”

Kinnaird noted that many of the places which have outperformed have benefited from more remote or rural surroundings, with homeowners continuing to be keen on living in these areas.

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