The UK towns, cities and neighbourhoods with the highest property price increases outside London have been revealed. Analysis of median house prices shows that outside the capital increases were highest in Camberley Town, Surrey Heath.
The latest figures show a percentage increase of 75.8% in Camberley Town, from £347,750 in March 2023 to £611,250 in March 2024. This was the highest increase outside London. According to an analysis by Online Marketing Surgery and BLG Development Finance, Central Solihull and Sharmans Cross saw the second highest increase. Here the median price soared 54.3% from £317,500 in March 2023 to £490,000 in the same month last year. Hamilton North, Leicester, saw the third biggest increase, from £148,000 to £215,000 – a rise of 45.3%.
Next in the top 10 is Harraton, Rickleton and Fatfield where the average price rose from £164,000 to £235,000 (43.3%), according to the analysis.
In the fifth spot is Towednack, Lelant and Carbis Bay in Cornwall where the median rose 41.9% from £310,000 in March 2023 to £440,000 in March 2024.
Devonshire Quarter, Sheffield, saw its median price rise 39.5% over the same period, from £122,750 to £171,250.
Farnley West and Gamble Hill, Leeds, saw the average rise from £186,000 to £256,250 – 37.8%, while Central Slough and Upton Court recorded the same percentage rise.
The average price here went from £308,500 to £425,000, according to the analysis.
Bourneville West, Birmingham, saw its median price rise 37.4% from £285,000 to £391,500 while in tenth place is Dorking South in the Mole Valley.
The median price here rose 36.5% between March 2023 and March 2024, from £460,000 to £628,000, according to the analysis.
Number crunchers used property data for England and Wales from the Office for National Statistics for March 2023 and 2024 then worked out the highest increase and decrease in percentages from the two figures.
The analysts said their work underscores the importance of detailed local market knowledge and the key is to understand where opportunities lie and the factors driving local property market performance.
Meanwhile, surveyors said on Thursday (March 13) that momentum in Britain’s housing market slowed in February amid signs of weakening buyer confidence.
Buyer demand slipped to its weakest levels since November 2023, with a net balance of 14% of property professionals reporting a fall in demand rather than a rise, according to the Royal Institution of Chartered Surveyors (Rics).
Its survey of professionals indicated that higher stamp duty costs for some home-buyers from April 1 are expected to weaken market activity. Stamp duty applies in England and Northern Ireland.
The report said concerns over interest rates, inflation, and global events also appear to be dampening buyers’ confidence.
Rics’ survey also pointed to the volume of newly-agreed sales falling in February, with London-based professionals reporting a particularly noticeable dip in sales agreed during the month.
House prices continued to increase generally in February, but at a more subdued rate, with a smaller net balance of professionals reporting price increases during that month compared with December and January.
Looking further ahead, while the market is expected to continue to soften in the short term, Rics said the majority of professionals believe house prices will rise over the next 12 months with a net balance of 47% expecting to see an increase.
This is broadly in line with price expectations recorded over the past six months, according to the report.