Leicester is the city with the highest house price growth in England and Wales, with properties rising in value by nearly 5% in the last year.
That’s according to new data from the Your Move England & Wales House Price Index, which monitors average house prices and transaction numbers.
Here, we take a look at the research and offer advice on how to find the best area to move to.
Leicester enjoys house price growth of 4.8%
In July, house prices in England and Wales overall fell for the fifth consecutive month, this time dropping by 0.2%. Annually, however, they’ve increased by 1.6%, with every region enjoying growth.
As part of its index, Your Move assesses house price growth in 12 major areas and cities in England and Wales.
This month, Leicester tops its league table, with rises of 4.8% year on year. While nearby Nottingham didn’t fare so well, with property prices dropping by 1.1%.
Elsewhere, Cardiff has returned to modest price gains of 1.2% following a remarkable year-on-year increase of 7.5% in April, as buyers flocked to purchase higher-value properties before Land Transaction Tax was introduced.
House prices increase in West Midlands
In England, the West Midlands region enjoyed the largest annual growth, with prices rising by 3.3%. This was followed by increases of 2.9% in the North East and 2.7% in London.
South East England, meanwhile, saw growth stagnate somewhat, with prices rising by just 0.5%.
The map below shows the average house prices in England’s nine regions.
How have house prices changed in your area?
In terms of unitary authorities in England and Wales, West Berkshire enjoyed the highest year-on-year rises in June, at 11.5%.
By contrast, Halton (in North West England) and Windsor and Maidenhead saw prices drop by 6.1%.
The table below shows the average prices in every unitary authority of England and Wales (excluding London), and how much prices have increased or decreased year-on-year.
Use the search bar to find your area, or sort using the column headings.
House prices in London
With prices so out of kilter with the rest of England and Wales, it makes sense to view London independently.
While prices in England’s capital remained stable, Your Move reports a drop in transactions of 7% year-on-year in the second quarter of 2018, largely due to a major fall in the number of semi-detached homes selling.
In terms of prices, Kensington and Chelsea – London’s most expensive borough, with an average price of £1.8m – saw a 1.9% fall in prices.
In all, 15 London boroughs returned average prices higher than anywhere else in England or Wales.
Where should you buy a house?
Still trying to find the best area to move to?
Our area comparison tool allows you to access important information about each local authority, including average house prices, quality of life and how many ‘good’ or ‘outstanding’ rated schools are in the area.
Simply type in your postcode or search by local authority to get started.
Your home may be repossessed if you do not keep up repayments on your mortgage.