House prices: Properties in the UK rose as much as £ 100,000 compared to last year – is your area one? | United Kingdom | News

Research conducted by Henry Dannell – a leading specialist in bespoke mortgage solutions – revealed that the average UK homeowner has seen a £ 18,000 increase in the value of their homes since this time last year.

In fact, the top four best-performing regions all enjoyed average housing valuations, rising by more than £ 20,000.

These areas include the south east of England, the east of England, Wales and the south west of England.

The area that came out on top was the South East of England, which reported an average growth of £ 25,747.

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The data used in the study were taken between January and November 2021.

Out of the four nations that make up the UK, Wales reported the highest average growth in house prices – rising from £ 182,059 to £ 203,224 to give a rise of £ 21,165.

Meanwhile, Northern Ireland saw the lowest change in house values ​​with a growth rate worth £ 10,025.

England came in second place, with house prices rising by £ 17,892, while the average cost of buying a property in Scotland rose by £ 16,404.

Figures from this survey also showed that the highest increase in property prices in the UK was seen in the London borough of Kensington and Chelsea.

In this area, the average value of a property grew from £ 1,324,266 to £ 1,425,437, giving a growth rate of £ 101,171.

A further three boroughs in the capital saw average property valuations rise by more than £ 75,000 in 2021.

Hammersmith and Fulham (£ 95,522), Richmond upon Thames (£ 85,862) and the City of Westminster (£ 75,972) are the boroughs that fall into this category.

Nevertheless, there are five districts where house prices have fallen. The biggest drop has been seen in Tower Hamlets, where prices have fallen by -45,354 pounds during the year.

Commenting on the results, the company’s CEO, Geoff Garrett, said: “Not a bad day’s job for the average UK homeowner, who is now £ 18,000 better off than this time last year when it comes to the value of their brick and mortar investments. .

“Of course, the fragmented nature of the market means that some have performed better than others and there is no doubt that it has been a particularly tough year for the London market due to ongoing Covid restrictions and work from home advice from the government. .

“Despite this, the average price paid for a property in London has still risen by a respectable amount, and this growth has been largely driven by the capital’s primary districts, as travel restrictions have been eased and foreign buyers have again been able to stream to the most coveted real estate hotspot in the world. “

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