The property market pockets driving price growth in each county

0
309

Research from national UK estate agent, Keller Williams UK, has revealed which areas of the property market in England are currently Best in Show, when it comes to price appreciation across each county since the start of the stamp duty holiday.

Keller Williams analysed house price growth since last July across all local authorities in England before highlighting which area was leading the property market boom across each of the 48 ceremonial counties.

Across England as a whole, house prices have climbed 8% since the stamp duty holiday was introduced, but the highest rate of growth has been in Oadby and Wigston. At 22%, house prices in the area have boomed and not only has Oadsby and Wigston seen the highest rate of growth of all areas of Leicestershire, but it currently leads the national property market.

In Lincolnshire, stamp duty house price growth has been highest in South Kesteven at 21%, placing it second in the list of county property market frontrunners.

Stratford-upon-Avon (19%) in Warwickshire, South Derbyshire (19%) in Derbyshire and Redcar and Cleveland (17%) in North Yorkshire also sit amongst the highest levels of house price growth, having driven the market in their respective counties since last July.

However, breaking the market down based on the best performing area of each county reveals that not all areas of the UK market are seeing prices boom to the same extent.

At the other end of the table, the unitary authority of Wiltshire has beaten Swindon to claim the highest rate of house price growth in the ceremonial county of Wiltshire. However, at just 7%, it’s the worst performing county frontrunner in England.

Check out the full table below to see which area is driving house price growth in your county.

CEO of Keller Williams UK, Ben Taylor, commented:

“The property market is booming since the introduction of the stamp duty holiday and we’ve highlighted the cream of the crop leading the house price charge in each county across England.

While each area is home to the highest house price growth in its respective county, some are performing far better than others. This is down to the drastically different DNA of the market from one area to the next and it’s interesting to see how the rate of house price growth differs across the best performing areas in each county.

That’s not to say that an increase of seven per cent should be sniffed at and, in fact, this would be considered a very healthy level of growth in ‘normal’ market conditions.”

Ceremonial County Best in Show AveHP – July 2020 AveHP – March 2021 Change %
Leicestershire Oadby and Wigston £225,960 £275,165 22%
Lincolnshire South Kesteven £216,588 £262,362 21%
Warwickshire Stratford-on-Avon £297,163 £353,840 19%
Derbyshire South Derbyshire £193,910 £230,370 19%
North Yorkshire Redcar and Cleveland £118,879 £139,039 17%
West Yorkshire Calderdale £148,843 £173,977 17%
Nottinghamshire Bassetlaw £159,965 £186,025 16%
Greater Manchester Manchester £181,586 £211,107 16%
Devon Exeter £255,309 £296,636 16%
Staffordshire Stafford £208,621 £242,091 16%
Cheshire Cheshire East £226,915 £262,936 16%
Lancashire West Lancashire £192,606 £221,023 15%
Rutland Rutland £316,357 £361,762 14%
Cumbria South Lakeland £237,022 £270,956 14%
Durham Hartlepool £105,201 £120,141 14%
Kent Folkestone and Hythe £256,667 £293,076 14%
Cornwall Cornwall £239,392 £273,153 14%
Suffolk East Suffolk £247,168 £281,854 14%
Norfolk North Norfolk £246,695 £280,966 14%
South Yorkshire Rotherham £144,461 £164,470 14%
Northumberland Northumberland £155,942 £177,536 14%
Worcestershire Wyre Forest £194,858 £221,782 14%
Merseyside Wirral £158,879 £180,350 14%
Surrey Elmbridge £583,670 £661,964 13%
Essex Uttlesford £393,775 £445,155 13%
Oxfordshire Oxford £400,436 £452,297 13%
West Sussex Adur £311,122 £351,112 13%
Shropshire Telford and Wrekin £168,999 £190,055 12%
Isle of Wight Isle of Wight £225,868 £253,711 12%
Gloucestershire Tewkesbury £279,079 £313,288 12%
Greater London Haringey £541,961 £607,029 12%
West Midlands county Solihull £278,629 £311,404 12%
East Sussex Lewes £319,679 £356,976 12%
Northamptonshire Kettering £200,608 £223,178 11%
East Riding of Yorkshire East Riding of Yorkshire (UA) £184,113 £204,200 11%
Hampshire New Forest £336,932 £373,274 11%
City of London City of London £785,810 £864,354 10%
Cambridgeshire South Cambridgeshire £368,422 £403,254 9%
Somerset Somerset West and Taunton £239,259 £261,639 9%
Herefordshire Herefordshire £238,620 £260,597 9%
Bristol City of Bristol £290,945 £317,210 9%
Berkshire West Berkshire £334,894 £364,933 9%
Dorset Dorset (UA) £289,358 £315,051 9%
Bedfordshire Bedford £280,588 £305,419 9%
Tyne and Wear Sunderland £119,350 £129,838 9%
Hertfordshire Hertsmere £464,826 £503,429 8%
Buckinghamshire Buckinghamshire (UA) £393,605 £425,849 8%
Wiltshire Wiltshire (UA) £276,438 £297,154 7%
England £253,460 £274,615 8%
House prices sourced from the Gov.uk UK House Price Index from the start of the stamp duty holiday (July 2020) to March 2021 – latest available data

 


Help keep news FREE for our readers

Supporting your local community newspaper/online news outlet is crucial now more than ever. If you believe in independent journalism, then consider making a valuable contribution by making a one-time or monthly donation. We operate in rural areas where providing unbiased news can be challenging. Read More About Supporting The West Wales Chronicle