- A study from comparethemarket.com reveals the local authorities, regions and London boroughs where house prices have risen the most in recent years
- Maldon in Essex, has seen the biggest house price increase over the last 10 years (180.22%), followed by Malvern Hills (145.79%) and Cambridge (87.64%).
- The London borough which has seen the highest increase is the City of London at 126.62%, followed by Haringey (111.18%) and Waltham Forest (110.03%).
- The region of London has seen the biggest increase at 86.11%, followed by East England (68.81%) and South West (46.92%)
Despite a dip following the financial crash of 2008/09, house prices have risen considerably in the last 20 years, with an average rise of 210% since 1999. But just where are the country’s biggest property hotspots?
New research from comparethemarket.com has analysed Land Registry data to reveal which areas have experienced the biggest growth over the last 5, 10 and 20 years. (Note: 20-year data is only available for England & Wales)
The research surveys local authorities, London boroughs and regions looking at cash value and percentage increases from 2014-2019, 2009-2019 and 1999-2019.
These are the local authorities where property prices have increased the most in 10 years (2009-2019).
- Maldon, 180.22%
- Malvern Hills, 145.79%
- Cambridge, 87.64%
- London, 86.11%
- Hertsmere, 84.45%
- Oxford, 84.42%
- Three Rivers, 81.34%
- Elmbridge, 80.77%
- Bristol, 79.96%
- Slough, 79.79%
However, it’s not the same picture across all local authorities, and there are some places where house prices have decreased in the last 10 years.
- Ards & North Down, -15.60%
- Newry, Mourne, & Down, -14.43%
- Mid & East Antrim, -8.46%
- Middlesbrough, -8.07%
- County Durham, -4.46%
- Armagh City, Banbridge & Craigavon, -4.14%
- Derry & Strabane, -2.03%
- Antrim & Newtownabbey, -1.69%
- Hartlepool, -1.50%
- Causeway Coast & Glens, -1.12%
While it may not come as a surprise that London is the top 10 property hotspots, when we break it down by borough, which has seen the biggest price increase in 10 years? There are no boroughs which have seen less than a 63% increase in house prices.
- City of London, 126.62%
- Haringey, 111.18%
- Waltham Forest, 110.03%
- Kensington & Chelsea, 103.30%
- Lewisham, 94.54%
- Newham, 93.15%
- Islington, 92.19%
- Ealing, 90.09%
- Southwark, 90.05%
In the last 10 years the UK has seen an increase of 46.27%, but how does this compare to each individual region? As expected, London has seen the biggest increase at 86.11%. Northern Ireland is the only region that has seen a decrease, albeit a small one, at -3.84%.
- London, 86.11%
- East, 68.81%
- South West, 46.92%
- South East, 67.08%
- East Midlands, 47.04%
- West Midlands, 42.64%
- North West, 27.77%
- Yorkshire and the Humber, 26.69%
- Wales, 27.98%
- Scotland, 21.23%
- North East, 6.17%
- Northern Ireland, -3.84%
To explore the data in full and see if you live in one of the UK’s property hotspots, click here.