Twitter Facebook RSS FEEDS

Regional house price laggers and leaders revealed

Thursday, 10 March 2011 2:34 PM

New findings suggest that the history of Britain's housing market is repeating itself, as traditional regional leaders once again outpace the usual 'laggers', in terms of both house price growth and transactions.

Lucian Cook, director of research at Savills, has analysed 15 years' worth of Land Registry data to identify the locations which lead and those that lag over the course of a full growth cycle.

He commented: "There is now a certain inevitability built into the market. The schism between the best and the rest is expected to continue to grow as the recovery progresses.

"Ironically, it is the least affordable but most affluent areas that are leading, and will continue to lead the market both in terms of price growth and activity levels."

As such, the list of top performers from 1995 to 2010 is completely dominated by London boroughs, while much slower growth was noted in less affluent northern locations with an industrial past.

Top five locations 15-year price growth
Hammersmith & Fulham 317%
Kensington & Chelsea 353%
Islington 337%
Camden 322%
Wandsworth 335%

 

Bottom five locations 15-year price growth
Redcar & Cleveland 92%
Durham 88%
Sunderland 89%
Doncaster 113%
Blaenau Gwent 84%


During the 15-year period, parts of north-east England, such as Durham and Sunderland, have seen the slowest price growth, though house values in both cities still increased by 88 and 89 per cent respectively.

In contrast, prices in affluent London boroughs Islington, Camden and Kensington were among the top performers with typical values having at least tripled since 1995.

Savills laggers and leaders regional house price map March 2011

Source: Savills Research/Land Registry

Want to be the first to know when we break a story? Follow @AboutProperty on Twitter.
 

Related stories

Terraced houses

The boroughs that forgot to save

People in areas with high house prices also tend to have high savings balances – but this isn’t true across the board.

 Prime London property

Revealed: the UK cities outperforming London

Prime property in London is performing excellently – but average values are rising much faster in other UK cities. Find out where here.
Houses in London

Foreign buyers boost central London house prices

London's prime residential property market has grown thanks to increased investment from Middle Eastern and Russian buyers.

 House hunting couple

UK house prices rise 91% in a decade

The average asking price has rocketed by £78,000 since the turn of the century - despite the effects of the economic downturn.
Aerial view of England

More sellers reducing asking prices

Even properties over £1 million, where the market has been most resilient, have seen more asking price reductions.

 Apprentice house, Christchurch Road, East Sheen

Location and value of Apprentice house revealed

Find out the address, property details and previous selling prices of the house where this year's Apprentice candidates are living.
Harrods exterior shot in Knightsbridge

Knightsbridge parking costs more than average home

An underground parking spot in Knightsbridge can cost more than the average UK property, experts report.

 Terrace of red brick homes in London

3.5m homes worth less than when they were bought

Of the properties bought over the last five years, 3.5 million are worth less now - though regional variations exist.
Rhossili Bay, Swansea

Which towns have the most properties for sale?

Find out the towns in England and Wales with the highest and lowest number of homes on the market.

 The house price gap between London and the rest of the country is widening.

London house prices detach from rest of country

Prices in North East fall below £100,000 while average home in capital worth £345,000, says Land Registry.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.