Cheltenham first past the post in property stakes, study shows
CHELTENHAM HAS been identified as the UK’s biggest house price “winner” over the past year.
Nestled on the edge of the Cotswolds, Cheltenham saw the highest percentage rise in house prices of any major UK town or city in 2017, according research by Halifax.
House prices in Cheltenham increased at nearly five times the average UK rate during 2017, at 13 per cent compared with 2.7 per cent nationally.
Huddersfield, Nottingham and Lincoln along with Stockport and Swansea were the top performers outside London and the South.
Halifax used its own house price database to make the findings and its analysis of post towns included London local authorities.
Halifax managing director Russell Galley said: “A number of towns and cities have recorded significant rises in house prices over the past year, with all of the top 20 performers recording growth of at least double the national average.
“Unlike last year, the top performers are not exclusive to London and the South-East, with the top spot now belonging to Cheltenham in the South-West, and towns in East Anglia, East Midlands, North-West, Wales and Yorkshire and the Humber also making the list.”
At the other end of the spectrum, 13 towns recorded declines in house prices in 2017, with the largest fall in Perth in Scotland, at 5.3 per cent.
Mr Galley said: “The majority of towns in which house prices have dropped in the last year are situated within Scotland or Yorkshire and the Humber.”