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house price rises

Look north for biggest house price rises

Look north for the biggest house price rises with eight locations in England’s north-west registering the greatest growth of 2019.

New research by the Halifax shows there’s been a switch in the usual trend that sees the south dominate the housing market.

Instead 2019 saw the north-west take eight of the 10 top spots for house price rises.

Billingham No.1 for house price increase

Meanwhile, the No.1 spot went to Billingham in County Durham where house prices rose by 12.3 percent. An average property sold for £192717 in October 2018 but sold for £216,328 in the same month of 2019.

Second place went to Ilkeston in Derbyshire. House prices rises there were 9.1 percent in 2019, up from £249,439 in 2018 to £272,091 a year later.

The rest of the top 10 is filled out by towns in the north-west where prices rose by 6 percent or more. They include Sale and Wilmslow in Cheshire, the Lancashire quartet of Blackburn, Bolton, Burnley and Chorley, and Bootle and Southport on Merseyside.

The town with the biggest fall in average house prices is Harrow in Greater London, down by 3.6 percent.

Reversing trend for southern domination

Russell Galley, managing director of Halifax, said: “In an interesting twist, this year’s tables show that the north has witnessed the biggest increases in average houses prices. Meanwhile, the south has seen prices dip most significantly.

“This bucks the trend we’ve seen in recent years and marks a small step towards achieving more balance in average regional house prices.

“While this may be good news for those looking to sell in regions such as the north-west, prospective buyers closer to the likes of London may be hoping a property purchase is becoming that little bit more affordable.”


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