Homeowners within the Easton space of Bristol have skilled the UK’s greatest improve in house prices within the final decade – up 120% – whereas these in Nairn, Scotland, had the biggest lower.
The property web site Rightmove in contrast the prices of greater than 2m properties to call the winners and losers of the final decade. Bristol was dwelling to Britain’s high spot in addition to six of the highest 10 areas outdoors London.
The present common asking worth in Easton, which in 2019 was named by Time Out as Bristol’s “coolest” neighbourhood, is now £283,397, a rise of just about £155,000 since 2010. Despite this, it’s nonetheless one of many comparatively reasonably priced areas of town.
Estate brokers stated prices throughout Bristol have boomed through the decade, with patrons drawn to town’s good high quality of life and the truth that it’s seen as an “interesting” place to dwell.
The subsequent greatest improve outdoors London was in Swanscombe, close to Dartford in Kent, the place common prices increased 106% over the last decade to a mean of £326,106. On the opposite aspect of the Thames estuary, in Tilbury, Essex, house prices nearly doubled over the identical interval.
In the capital, Rightmove stated, Walthamstow householders have been clear winners, with prices hovering 117% since September 2010. The north-east London borough was carefully adopted by areas in north, east and south London, with prices in Peckham, Tottenham, Forest Gate and Elephant & Castle all rising between 103% and 107%.
Tim Bannister of Rightmove stated: “Demand for property in Bristol is exceptionally sturdy proper now. Average asking prices throughout Bristol as a complete are up by 60% over the previous decade and it’s one of many UK’s most thriving regional centres.
“Bristol has a highly diverse mix of housing stock and is a city where a number of tech companies have based themselves, making it a very attractive place to move to for many buyers.”
He stated common asking prices had risen nationally by £93,046 within the 10 years, from £226,950 in September 2010 to £319,996 now, a rise of 41%.
The information, nonetheless, exhibits that prices have not gone up in each space. Homebuyers in Nairn, on the coast close to Inverness, have watched values fall 15% over the last decade to lower than £200,000, though dwelling close to the city’s sandy seashores, with the possibility to see dolphins, might have softened the blow.
The residents of Linthorpe, Middlesbrough, have suffered the second worst decline by share – a 12% fall in 10 years. An common house there now prices £128,352, the information exhibits.