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16 places where UK house prices are rising as hotspots uncovered – see full list

New data from Rightmove shows the areas of the UK where house prices rose the most over the past 10 years between the Diamond and Platinum Jubilees

for sale and sold signs outside houses
Rightmove has rounded up the top areas in the UK where property prices have risen over the last 10 years

Ahead of the Queen’s Platinum Jubilee celebrations, new data reveals the areas that have seen the highest price growth over the past 10 years.

Margate in Kent tops the list with average asking prices for homes more than doubling (+107%) from £148,763 to £308,508 – an increase of more than £150,000, according to Rightmove analysis.

Brislington, an area within the city of Bristol, is the second anniversary price hotspot, with prices up 104% from £166,192 to £338,800.

In third place is Dover in Kent, where property values ​​have doubled (+101%) to £261,474.

The areas in the southwest and southeast make up the majority of the top ten hotspots, each with four locations.

Overall, however, the east of England areas have seen the largest increase in asking prices for property, averaging 63%.

In London, a search was made along the Jubilee Line for the areas around stations where property has appreciated the most over the last 10 years.







The Rightmove data analyzes the differences in the real estate market since the Diamond Jubilee in 2012
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Picture:

PA)

The line is named after the Queen’s Silver Jubilee in 1977.

Stratford topped the list, with asking prices for houses near the station more than doubling (+102%) on average, from £238,150 to £480,271.

West Ham finished second (+99%) and Wembley Park third (+78%).

Tim Bannister, Director of Property Science at Rightmove, said: “On a momentous occasion for the Queen, it’s interesting to see which areas have seen the highest rises in property prices since the last anniversary celebration.







Margate has seen the biggest price hike
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Picture:

(Getty Images)

“Homeowners in Kent are among the biggest winners in this decade-long study, with four locations in the top ten, while buyers can easily see the appeal of moving to a near-coastal area for less than the national median price.

“Bristol is also emerging as a major hotspot, with four boroughs also making the top 10.

“With work patterns very different from those of ten years ago, it will be fascinating to see the market dynamics ten years from now, particularly in cities like Bristol which may continue to attract more people who have traditionally moved to London.”

Mark Brooks, CEO of Miles & Barr in East Kent, said: “Not surprisingly, Margate tops the list of areas for which prices have risen the most over the past decade.

“Margate offers potential buyers the opportunity to live in a picturesque town with stunning sea views and with travel time back to London being less than 1 hour 30 minutes to St Pancras station it is a place where many only want to do both can work from home or have a hybrid working solution.

“Developments such as the Turner Gallery and Dreamland, alongside investment from Kent County Council, have injected new energy into the town and also attracted tourists to Margate, giving a boost to the local economy.

“Margate is also becoming better known and more attractive to potential buyers because of the film industry, as ‘The Empire of Light’, a film directed by Sam Mendes, was recently filmed in Margate.”

Complete list of 16 hotspots

Anniversary prices hotspots

location

region

Average asking price April 2022

Average selling price April 2012

% change

Margate, Kent

South East

£308,508

£148,763

+107%

Brislington, Bristol

southwest

£338,800

£166,192

+104%

Dover, Kent

South East

£261,474

£130,265

+101%

St George, Bristol

southwest

£293,269

£146,344

+100%

Broadstairs, Kent

South East

£481,465

£240,695

+100%

Munster on Sea, Kent

South East

£337,338

£169,045

+100%

Patchway, Bristol

southwest

£304,606

£153,472

+98%

Pitsea, Essex

East of England

£296,350

£149,616

+98%

Bedminster, Bristol

southwest

£369,328

£186,846

+98%

Houghton Regis, Bedfordshire

East of England

£298,999

£151,359

+98%

London Jubilee Line hotspots

location

Average asking price April 2022

Average selling price April 2012

% change

stratford

£480,271

£238,150

+102%

west ham

£420,365

£210,992

+99%

Wembley Park

£514,172

£288,938

+78%

Neasden

£530,198

£310,222

+71%

Kingsbury

£548,848

£321,332

+71%

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https://www.mirror.co.uk/news/uk-news/16-places-uk-house-prices-27111065 16 places where UK house prices are rising as hotspots uncovered - see full list

Fry Electronics Team

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