Houses are expensive. We know; it’s a revelation. Homes are costly investments, but good ones which tend to be worth your while. If you’re lucky enough to own a property right now, you’ll be pleased to know that there’s a good chance that its value has risen in the past year.
Across the country, the property website Zoopla has been monitoring just how much house prices are increasing by, and it has found that over just half of the nation saw their house prices increase by more than one per cent in the past year. That’s not bad, and it’s a higher rate than in 2023 – but some places saw much higher rates of growth than others.
For instance, in the northeast 68 percent of houses are worth at least 1 percent more than they were last January, but in London that number is much lower, at only 40 percent. That may come as a surprise but fear not; property in the capital is still by far the most expensive in the country.
Still, it looks like the north might finally be getting the attention it deserves, as three of the top five areas of growth are northern, and one of them was Scotland, which is technically the most north of all.
These regions had the largest amount of homes which are worth more than they were in early 2024:
- Northwest: 63 percent
- Northeast: 68 percent
- West Midlands: 59 percent
- Yorkshire and the Humber: 61 percent
- Scotland: 61 percent
Here are the places in each region where the highest percentage of homes have seen an increase in value since early 2024, including how much on average they’ve gone up by.
- East Midlands: Glossop, 67 percent, £7,000
- East of England: Berkhamsted, 53 percent, £24,500
- London: Waltham Forest, 64 percent, £8,700
- Northeast: Peterlee, 83 percent, £6,100
- Northwest: Blackburn, 77 percent, £8,100
- Scotland: Carluke, 82 percent, £8,900
- Southeast: Thame, 56 percent, £5,600
- Southwest: Portland, 54 percent, £2,900
- Wales: Ferndale, 74 percent, £3,900
- West Midlands: Wednesbury, 79 percent, £6,000
- Yorkshire and the Humber: Normanton, 81 percent, £7,500
It’s not such good news everywhere, even in the up-and-coming north of England. There are a few locations up near the border where prices are decreasing by pretty large margins. In Cheadle, just outside of Manchester, the average house is going for £2,000 less than it would have 12 months previously.
On top of that, for the first time ever you can actually be glad you don’t own property in Kensington and Chelsea, where the value of homes has gone down by a whopping £44,300 on average.
Here are the places where the biggest percentage of houses have gotten at least one percent cheaper since last year, including by how much they have decreased on average.
- East Midlands: Corby, 74 percent, £6,000 decrease
- East of England: Bungay, 79 percent, £8,400 decrease
- London: Kensington and Chelsea, 72 percent, £44,300 decrease
- North East: Houghton Le Spring, 48 percent, £3,800 increase
- North West: Cheadle, 54 percent, £2,000 decrease
- Scotland: Inverurie, 65 percent, £4,200 decrease
- South East: Broadstairs, 89 percent, £15,300 decrease
- South West: Ferndown, 83 percent, £14,400 decrease
- Wales: Pwllheli, 64 percent, £3,650 decrease
- West Midlands: Evesham, 45 percent, £900 increase
- Yorkshire and the Humber: Beverley, 57 percent, £5,100 decrease
Where to go in the British Isles
Wherever you live, there’s plenty of reason to adventure across the UK. Here’s our favourite family friendly holiday digs, and some tree houses you can rent out for something a little different. We’ve also got guides to the country’s cosiest cabins, and the coolest castles you can stay overnight in.
Did you see that Edinburgh is introducing a tourist tax for overnight stays?
Plus: These are the UK’s best places to live in 2025, according to science.
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