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Halifax names top ten towns for house price rises

Monday, 2 January 2012 4:10 PM

Woking saw the biggest increase in house prices in 2011, according to an end-of-year survey by the Halifax.

Prices in the Surrey town rose 16 per cent from £257,590 to £299,654 over the year possibly due to its easy commuting distance to central London.

Falkirk in Scotland saw the second biggest rise at 12 per cent, again possibly down to the easy commute to Edinburgh and Glasgow as well as its stock of affordable homes.

London and the South East accounted for nine of the 20 towns recording the largest price rises. Overall, 28 per cent of towns saw some increase.

The majority of the poorest performers were outside southern England, with Kettering in Northamptonshire and Dunfermline in Scotland seeing the largest falls in average selling prices.

And Scotland saw a very mixed performance with Inverness joining Falkirk in the top ten and Ayr slumping into the bottom ten with Dunfermline.

Martin Ellis, housing economist at Halifax, said: "Whilst house prices nationally have been largely unchanged in recent months, there have been significant differences in performance in towns across the country.

"The two towns recording the biggest rises are both within easy commuting distance of major commercial centres. In contrast, the majority of towns that have fared worst in house price terms are outside southern England where economic conditions have tended to be less favourable."

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