News
UK property growth up 1.5% this year; London powers to 7.3%
The average UK home has risen by
London property values are up £30,259 on average over the past 12 months, followed by the South East with a 3.45% rise in value.
The North West has become the worst performing region over the past year for house prices after a fall of -2.5%, according to Zoopla.
Just three regions of Britain saw an annual decline, including the North West at 2.5%, Wales at 1.4% and Yorkshire and The Humber down 0.55%.
Lawrence Hall of Zoopla.co.uk said:
“It’s been a relatively flat but stable year for house prices with most parts of the country seeing modest growth. London, however, continues to pull away from the rest of the market and has experienced strong growth again over the past year.”
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The best performing cities in Britain include London at +7.3%, followed by Wolverhampton at 5% and Coventry at 4.45%. Worst performing cities include Peterborough at -3.4%, Aberdeen with 3.4% and Wigan at -2.93%.