East Anglia sets the pace in property price rises
A survey from UK property site Zoopla has shown East Anglia recording the greatest rise in house prices during 2016, with the area’s average totalling over £358,000.
At the other end of the spectrum, Aberdeen – a town whose fortunes are so dependent on the oil market – proved to be Britain’s worst-performing town with a negative price growth of 2.83 per cent, while Llandudno in Wales saw average price falls of 2.38 per cent.Lawrence Hall, head of communications at Zoopla, said, "2016 has certainly been an historic year with the events of the last six months giving rise to potential political uncertainty. However, the property market – it seems – remains resilient and property values across Britain have continued to grow.""As city centre living becomes increasingly less affordable, our figures show significant increases in property values of commuter towns; those around the capital feature heavily in the top performers list."Towns such as Leatherhead and Diss, which offer commuting times to London of less than an hour and 90 minutes respectively, have proved particularly desirable."Zoopla's study also showed the word 'garden' was the most searched term by people using its website, followed by 'garage'.
Regional average prices in England (annual increase in brackets):East Anglia, £358,401 (11.56%)West Midlands, £220,993 (8.74%)South East England, £411,736 (8.44%)South West England, £297,054 (7.88%)North West England, £190,005 (7.57%)East Midlands, £209,183 (7.42%)Yorkshire and the Humber, £173,362 (5.58%)London, £680,593 (5.12%)North East England, £187,683 (2.41%)
Top 10 towns' average December values (annual increase in brackets):Diss, Norfolk, £305,896 (16.2%)Leatherhead, Surrey, £833,631 (14.7%)Southall, London, £382,153 (14.55%)Crook, County Durham, £121,949 (14.45%)Seaford, East Sussex, £351,888 (14.29%)Woodford Green, Essex, £616,925 (14.28%)Chippenham, Wiltshire, £338,102 (14.14%)Northwood, London, £915,207 (14.13%)Shoreham-by-Sea, West Sussex, £387,248 (13.8%)Upminster, Essex, £552,561 (13.77%)
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