Leicester may be the city with the highest house price growth in Britain, with properties rising in value by nearly 5% in the last year.
That’s based on new data from the Your Move England & Wales House Price Index, which monitors average house prices and transaction numbers.
Here, we check out the research and offer suggestions about how to find the best area to move to.
Leicester enjoys house price development of 4.8%
In July, house prices in Britain overall fell for that fifth consecutive month, this time around dropping by 0.2%. Annually, however, they’ve increased by 1.6%, each and every region enjoying growth.
As part of its index, Your Move assesses house price growth in 12 major areas and cities in Britain.
This month, Leicester tops its league table, with rises of four.8% year on year. While nearby Nottingham didn’t fare very well, with property prices dropping by 1.1%.
Elsewhere, Cardiff has returned to modest price gains of just one.2% following a remarkable year-on-year increase of 7.5% in April, as buyers flocked to buy higher-value properties before Land Transaction Tax was introduced.
House prices increase in West Midlands
In England, free airline Midlands region enjoyed the largest annual growth, with prices rising by 3.3%. This was followed by increases of two.9% in the North East and 2.7% in London.
South East England, meanwhile, saw growth stagnate somewhat, with prices rising by just 0.5%.
The map below shows the typical house prices in England’s nine regions.
How have house prices changed in your town?
In terms of unitary authorities in Britain, West Berkshire enjoyed the highest year-on-year rises in June, at 11.5%.
By contrast, Halton (in North West England) and Windsor and Maidenhead saw prices visit 6.1%.
The table below shows the typical prices in every unitary authority of Britain (excluding London), and just how much prices have increased or decreased year-on-year.
Use the search bar to locate your area, or sort while using column headings.
House prices in London
With prices so out of kilter with the rest of Britain, it seems sensible to see London independently.
While prices in England’s capital remained stable, Your Move reports a stop by transactions of 7% year-on-year in the second quarter of 2022, largely as a result of major fall within the number of semi-detached homes selling.
In terms of prices, Kensington and Chelsea – London’s most expensive borough, by having an average price of lb1.8m – saw a 1.9% fall in prices.
In all, 15 London boroughs returned average prices greater than anywhere else in England or Wales.
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