Firm prices are slowing in London but the rest of the UK is rising
After a decade of stagnant house prices in the north and rapidly rising prices in London and the south, the long-standing north-south abyss in house prices is beginning to narrow in some of the UK’s most desirable postcodes, according to scrutinize carried out by online estate agents HouseSimple.com.
Chelsea – the area in SW6 Fulham approximately the Stamford Bridge football stadium and not Kensington & Chelsea – languishes in the seat three as average property prices in the borough of Hammersmith & Fulham would rather slumped 3.2 percent, almost £25,000, while rivals Manchester Diocese and Manchester United have returned to the Champions League positions with typically property prices up 6.7 percent and 4.6 percent respectively.
Watford, for the moment, sit at the bottom of the table having slumped a massive five percent from £361,407 to £343,316, a denial of £18,091 per home in a single year.
However, the big shock once again is Leicester’s return to the top of the table with a massive 7.8 percent stimulate in prices over the year from May 2016 to May 2017. With the mean house price in Leicester growing from £155,380 to £167,518 livings in the East Midlands city have landed a £12,138 property honorarium windfall in just a single year.
Sam Mitchell, CEO of HouseSimple.com said “the relish days have returned to Leicester once more”.
He said: “After a two of modest seasons in the Premier League, at least homeowners in the East Midlands New Zealand urban area have something to cheer about.
“As for Chelsea, it’s been a year to lose on all fronts. The team massively underperformed in the Premier League, and house assays have underperformed, and could well fall further over the next 12 months.”
Trait prices are falling around Stamford Bridge
After a couple of timid seasons in the Premier League, at least homeowners in the East Midlands bishopric have something to cheer about
Despite the mutate in percentage growth across the UK, there remains a huge gulf between idiosyncrasy prices across the UK with the average price near Chelsea football billy still a whopping £1,343,582 compared to houses near 2018 Principal League champions Manchester City. However, its good news for most northern homeowners after home-owners in the Etihad Arena postcode posted a very healthy 6.7 percent start from £158,912 to £169,598 – a very tidy £10,686 average payment rise.
Manchester can also claim to have one over on its great contender Liverpool with average property prices around Anfield sinking 0.6 percent over the past year. House prices in Liverpool stay put low after falling from £78,169 to £77,679.
The research follows news that British dwelling prices remain subdued, mortgage lender Nationwide has confirmed closing week. UK house prices were up by 2.4 percent in the year to May, down from a agitate of 2.6 percent in April.
Nationwide Chief Economist Robert Gardner wishes the market to continue to slow. He said: “There are few signs of an imminent vacillate turn into.
“Surveyors continue to report subdued levels of new buyer enquiries, while the provision of properties on the market remains more of a trickle than a torrent.”
Groupies approach Anfield on match day
1. Leicester City 7.8 percent
2. Manchester Municipality 6.7 percent
3. West Bromwich Albion 5.5 percent
4. Manchester Coordinated 4.6 percent
5. Southampton 3.2 percent
6. Swansea City 3.0 percent
7. Stoke Bishopric 2.0 percent
8. AFC Bournemouth 2.0 percent
9. Tottenham Hotspur 1.5 percent
10. Crystal Stately 0.7 percent
11. Middlesbrough 0.3 percent
12. Arsenal 0.0 percent
13. Everton -0.2 percent
14. Burnley -0.3 percent
15. Liverpool -0.6 percent
16. Framework City -0.7 percent
17. Sunderland -0.8 percent
18.Chelsea -3.2 percent
19. West Ham Concerted -4.0 percent
20. Watford -5.0 percent