x
By using this website, you agree to our use of cookies to enhance your experience.
award
award award
award award

TODAY'S OTHER NEWS

Portal's figures point to no post-election bounce

The average value of homes across Britain rose by 2.7 per cent or almost £7,000 during the first six months of 2015, according to Zoopla. 

The average British house price in early July stood at £270,674 – up £6,974 on January’s figure of £263,699.

Property values rose across all regions of the UK in the first half of the year, although at vastly different rates. 

Scotland experienced the highest rate of growth, with an average increase in property values of 6.6 per cent or £11,382 and the average home value in Scotland now stands at £183,230. The next-best performing regions were the North East and North West of England registering a 3.1 per cent and 3.0 per cent increase respectively. 

Wales was the worst-performing region for property price increases over the first half of 2015 with an average rise of only 1.0 per cent or a meagre £1,584.

Scotland was also the big winner when looking at the best performers among the 50 largest cities in Britain. Edinburgh registered the largest growth in house prices since January 2015 of 8.2 per cent, representing a £20,465 increase in the average home value in the city. Aberdeen grabbed third place, with a 6.4 per cent or £15,416 rise over the half-year, coming in behind Colchester in Essex, which saw a 7.6 per cent or £19,088 increase. 

Yorkshire was home to three of the ten worst-performing cities for house price growth in the first half with Rotherham topping the list, registering a dip in average home values of 2.1 per cent - equivalent to a drop of £2,752. Wolverhampton, Newcastle-upon-Tyne and Middlesbrough also saw a modest drop in average houses over the period. 

Meanwhile, London performed slightly below the national average with average house prices in the capital growing by 2.5 per cent or £14,385 since January.

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up