Stoke heads the UK list of the biggest annual house price growth, according to Halifax. There has been a jump of 17.2 per cent in 12 months to September for the city, while Huddersfield had the largest decline of anywhere in the UK.
The top 10 UK towns and cities with greatest house price growth 2023 to 2024 shows Stoke-on-Trent £227,002 – a 17 per cent increase year on year (£38,000) – in first spot, followed by Slough £497,704 at 14.9%, Oldham £250,546 at 14.6%, Bradford £226,261 at 13.1% and Bolton £252,070 at 12.9%.
Barnsley £224,886 +12.6%, Wolverhampton £278,083 +12.4%, Doncaster £228,040 at a 11.6 per cent hike, Dunfermline £230,379 + 10.8% and Hamilton £229,835 +10.3% complete the top 10. The top 10 UK towns and cities with lowest house price growth 2023 to 2024 shows Huddersfield £260,498 -6.6% in first, with Wirral £294,250 -5.4%, Ealing £559,788 -4.9%, Southwark £555,325 -4.8% and Kingston upon Thames £582,282 -4.2% completing the top five.
READ MORE All parts of England that WON’T see snow this weekend according to Met Office
The rest of the top 10 is rounded off by Enfield £506,667 -4%, Harrow £552,203 -3.6%, Westminster £730,859 -3.6%, Bromley £541,131 -3.2% and Aylesbury £423,252 -2.8%. Amanda Bryden, the head of mortgages at Halifax, said: “Some areas of the UK – including Stoke-on-Trent, Wolverhampton and Dunfermline – have seen remarkable house price growth this year, as buyers perhaps seek out more affordable areas where house prices, despite increases, are still coming in under the national average.
“This trend is causing house prices in some areas to flip from slowing, to growing, such as Stoke-on-Trent, which was the biggest faller last year but showed the highest rate of growth, regionally, this year.”
“Much like London, first-time buyers won’t find a bargain here, as the slow growth is likely a consequence of the already-high property prices, relative to the national average,” Ms Bryden said.