Derbyshire, Melton and Oldham recorded the strongest annual home worth progress over the previous 12 months, in accordance with the most recent market evaluation from eXp UK.
The analysis examined year-on-year home worth modifications throughout UK native authorities and located that, regardless of financial and political uncertainty, common UK home costs rose by 1.7% over the 12 months. The evaluation highlights that worth progress was concentrated in particular areas relatively than evenly unfold throughout the market.
A number of native housing markets considerably outperformed the nationwide common over the previous 12 months, with three native authorities recording double-digit annual home worth progress.
In accordance with the evaluation, North East Derbyshire noticed the strongest progress, with common costs rising by 10.5% over the 12 months. Melton adopted carefully with a rise of 10.4%, whereas Oldham recorded progress of 10.3%.
Different areas additionally posted sturdy annual will increase, together with Mid Ulster and Derry Metropolis and Strabane, each of which recorded near double-digit progress. East Cambridgeshire and Argyll and Bute noticed costs rise by greater than 9%, whereas Hartlepool accomplished the highest ten with an annual improve of 9%.
Adam Day, Head of eXp UK and Europe, commented: “Whereas the nationwide image exhibits a gentle however comparatively modest fee of appreciation, it’s clear that there are nonetheless pockets of the market delivering extremely sturdy progress, regardless of the broader market uncertainty that has enveloped the UK over the past 12 months.
“What is especially fascinating is that lots of the prime performers usually are not the standard ‘hotspots’ we affiliate with speedy worth rises and this underlines the ever evolving range of the UK housing market.
“Even in a 12 months formed by uncertainty, native fundamentals proceed to drive progress and for each patrons and sellers, understanding their native market dynamic is crucial, as a result of the nationwide common solely tells a fraction of the story.”
