The UK's 25 hottest housing markets
House price winners
We often talk about 'the UK housing market' and 'UK house price inflation' as if there is one housing market and one rate of house price inflation. Neither is true.
The UK housing market is made up of hundreds if not thousands of tiny housing markets, which operate independently of each other. One person buying a home in Birmingham does not move the housing market in Bristol.
In this article, we look at the hottest 25 housing markets across the country. Do you live in one of the UK's hottest housing markets?
Biggest house price increases last month
The biggest house price winners last month were in City of London where average house prices increased by 10.5%.
In second place came Rossendale where house prices rose by 6.2%, and in third place where house prices were up by 6.0% was Lisburn and Castlereagh.
Interesting to see that the top three came from across the country.
House price winners last month - absolute money terms
If we look at house price growth in absolute, money terms, the winner was City of London where house prices climbed £88,590 followed by Malvern Hills which saw house prices increased by £11,840 and making up the podium was Rossendale where house prices rose by £11,770.
Biggest house price increases last year
If we look at house price growth over the last twelve months, we also see a picture of winners spread across the country.
House prices in Na h-Eileanan Siar were up by 26.9%, Malvern Hills saw house prices increase by 23.9% and in third place was City of London where house prices have risen by 18.5%.
House price winners last year - absolute money terms
However, when it comes to absolute house price rises City of London takes the honours seeing house prices increase by £145,800. In second place was Hackney which saw average house price gains of £79,760, with Cambridge in third place where average house prices have risen by £75,800.
Lockdown house price winners
If there is a silver lining to the lockdown cloud then many homeowners certainly enjoyed a lot of the available silver lining.
House prices in Elmbridge have increased by £152,700 since the start of lockdown one, house prices in Waverley have increased by £141,400, and in third place, City of London, where house prices have increased by £136,100 since the start of lockdown one.
If we look at the bottom end of the league table, we see Westminster, where average house prices have decreased by £78,850 followed by Aberdeen City, where average house prices have decreased by £1,530 since the start of lockdown one and in third place Hammersmith and Fulham, where house prices have increased by £530 since the start of lockdown one.
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