Homes add £19,348 in value over a year, property site says
Homes across Britain have added around £57 to their value on average each day during this year, according to a property website.
Zoopla said the average home has piled £19,348 onto its value from January to early December – equating to an increase of £56.57 per day typically.
The website said property values in England have seen the biggest increase, rising by 7.59% to an average of £325,575 since January. In Scotland, values have increased by 5.56% to an average of £185,355. Values in Wales have seen 3.8% growth over the year, to reach £179,074 on average.
Across Britain as a whole, the average house price now stands at around £308,790.
At a local level, Diss in Norfolk was found to have seen the biggest jump in property values over the year, with a 16.2% increase taking the value of the average home to £305,896. Leatherhead in Surrey saw the next biggest growth, according to Zoopla, with property values rising by 14.7% to reach £833,631.
Property values in Aberdeen were found to be the weakest-performing across Britain over the past year, with values falling by 2.83% to £217,234. Llandudno saw the next biggest fall in values, with a 2.38% decrease taking the average property price there to £195,623, according to Zoopla.
Zoopla’s search figures also showed “garden” was the most popular term by those using its website, followed by “garage”. It has also seen a particular increase in people putting “parking” into their searches during 2016.
Lawrence Hall, a spokesman for Zoopla, said: “2016 has certainly been a historic year, with the events of the past six months giving rise to potential political uncertainty. However, the property market – it seems – remains resilient and property values across Britain have continued to grow.”
Here is how property values have increased since the start of the year across regions in England, according to Zoopla, with the average value recorded this month followed by the increase compared with January:
:: East Anglia, £358,401, 11.56%
:: West Midlands, £220,993, 8.74%
:: South East England, £411,736, 8.44%
:: South West England, £297,054, 7.88%
:: North West England, £190,005, 7.57%
:: East Midlands, £209,183, 7.42%
:: Yorkshire and the Humber, £173,362, 5.58%
:: London, £680,593, 5.12%
:: North East England, £187,683, 2.41%
Here are the top 10 areas with the strongest property price growth since January, with the average value recorded this month and the percentage increase since January, according to Zoopla:
1. Diss, Norfolk, £305,896, 16.20%
2. Leatherhead, Surrey, £833,631, 14.70%
3. Southall, London, £382,153, 14.55%
4. Crook, County Durham, £121,949, 14.45%
5. Seaford, East Sussex, £351,888, 14.29%
6. Woodford Green, Essex, £616,925, 14.28%
7. Chippenham, Wiltshire, £338,102, 14.14%
8. Northwood, London, £915,207, 14.13%
9. Shoreham-by-Sea, West Sussex, £387,248, 13.80%
10. Upminster, Essex, £552,561, 13.77%
And here are the areas with the weakest price growth looked at by Zoopla, with the average value recorded this month and the percentage change since January:
1. Aberdeen, Aberdeenshire £217,234, minus-2.83%
2. Llandudno, Conwy, £195,623, minus-2.38%
3. Ashington, Northumberland, £108,611, minus-2.31%
4. Bangor, Gwynedd, £165,673, minus-1.03%
5. Newquay, Cornwall, £264,892, minus-0.81%
6. West Drayton, London, £360,604, minus-0.43%
7. Ossett, West Yorkshire, £167,224, 0.02%
9. Tredegar, Blaenau Gwent, £93,458, 0.25%
10. Pontypridd, £144,413, 0.51%