2016 has been a year full of surprises, which have had a major impact on the UK housing market.
Although there have been major political and economic factors at play throughout 2016, the UK housing market has remained resilient, with residential property prices rising across most parts of the country. But which areas have seen property values increase the most?
A newly released Property Price Index from Plentific, providing a look at how home prices have performed over the past 12 months, shows that Aylesbury is top of the hot list for houses price growth in 2016 with prices rising in the area by more than a fifth (21.5%).
Home prices in other computer hotspots, including Watford, Hemel Hempstead and Tring, have also benefitted from the London ripple effect.
Ipswich is ranked 3rd in the list, which might come as a surprise to some, with property prices in the area up by 19.59% year-on-year.
The ‘What’s Hot’ table is dominated by London and the South East, with just under half of the listed areas coming from the capital; Greenwich saw house prices rise by 19.91%, Chelsea (18%) and Hammersmith (17.46%).
Meanwhile, home prices in St Albans rose 17.28%, Sutton (17.39%), Reading (16.9%) and Brentwood (19.43%) – joining Aylesbury for commuter areas surging in property value.
Wirral in the North West of England is the only northern area to make the top ten with a property prices rising by an average of 16.58% – average properties in this area will have increased by more than £32,000 this year alone.
There undoubtedly remains a distinct north/south divide in home prices. Nevertheless, almost every town and city in this area has still climbed in value, with the exception of Middlesbrough, where house prices dropped by 1.62% year-on-year.
Other northern areas to make the lower-list include Rotherham with a value increase of 3.48%, Salford at 3.08% and Bradford at 2.99%.
What’s hot top 10
What’s not hot top 10
London’s top 10
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