Property Hot Spots and Not Spots: England, Scotland and Wales

August 4, 2009 at 11:27 AM 1 comment

Optimism around a market recovery may well be somewhat premature, but there are some bright spots emerging in the market. Zoopla! research shows the overall pace of house price decline has slowed noticeably compared to last year.

Whilst we’re cautious about excessive ‘green shoot’ optimism, the tables below show the current values and % change since the beginning of the year and clearly show areas which may lead any housing market recovery when it comes, as well as those that are struggling.

However, our research also shows that the performance during the first half of 2009 should perhaps not yet be cause for celebration, given that over the past two years the decline in house prices in the last six months of the year was significantly worse than during the first half of the year.

Since the 1st January, house prices in England are up by 1.31% to a current average home value of £207,472, prices in Scotland are up by 1.75% to a current average home value of £152,902 and house prices in Wales are up 0.96% to a current average home value of £146,378.

England

  Best Performing Towns Average Home Value % Change 2009
1 WYMONDHAM, Norfolk £195,253 11.41%
2 KINGSWINFORD, West Midlands £173,990 10.99%
3 FERRYHILL, Durham £87,828 10.86%
4 WEST MALLING, Kent £324,485 9.63%
5 OSSETT, West Yorkshire £160,278 9.52%
6 WHITLEY BAY, Tyne & Wear £173,776 9.25%
7 OLNEY, Buckinghamshire £261,520 8.95%
8 HELSTON, Cornwall £218,399 8.19%
9 BILLINGSHURST, West Sussex £377,552 6.80%
10 BIGGLESWADE, Bedforshire £203,201 6.72%

Source: Zoopla.co.uk

  Worst Performing Towns Average Home Value % Change 2009
1 POOLE, Dorset £240,171 -7.62
2 MALPAS, Cheshire £264,617 -6.94
3 RIPON, North Yorkshire £216,371 -6.83
4 ST. IVES, Cornwall £215,898 -6.69
5 KEIGHLEY, West Yorkshire £139,050 -6.56
6 RIPLEY, Derbyshire £129,605 -6.52
7 LOUTH, Lincolnshire £153,037 -6.45
8 DURSELY, Gloucestershire £203,824 -6.45
9 RAMSGATE, Kent £142,486 -6.40
10 UTTOXETER, Staffordshire £168,036 -6.37

Source: Zoopla.co.uk

Scotland

Best Performing Towns Average Home Value % Change 2009
1 EDINBURGH, Edinburgh £204,102 2.84%
2 DALMALLY, Argyll & Bute £150,241 2.35%
3 GREENOCK, Inverclyde £114,094 2.02%
4 OBAN, Western Isles £149,708 1.94%
5 BISHOPTON, Renfrewshire £186,841 1.74%
6 GOUROCK, Inverclyde £137,649 1.65%
7 JOHNSTONE, Renfrewshire £144,574 1.62%
8 LOCHWINNOCH, Renfrewshire £189,643 1.53%
9 PORT GLASGOW, Inverclyde £108,748 1.46%
10 SKELMORLIE, North Ayrshire £182,668 1.27%

Source: Zoopla.co.uk

Worst Performing Towns Average Home Value % Change 2009
1 DUMBARTON, West Dumbartonshire £128,033 -9.13%
2 HELENSBURGH, Argyll & Bute £177,017 -9.02%
3 GLASGOW, Glasgow £141,727 -8.34%
4 GORDON, Scottish Borders £173,340 -7.88%
5 KELSO, Scottish Borders £151,091 -7.12%
6 MELROSE, Scottish Borders £182,120 -6.87%
7 SELKIRK, Scottish Borders £114,825 -6.45%
8 ALVA, Clackmannanshire £102,342 -6.03%
9 DOLLAR, Clackmannanshire £240,133 -5.78%
10 DUNBLANE, Stirling £242,447 -5.44%

Source: Zoopla.co.uk

Wales

Best Performing Towns Average Home Value % Change 2009
1 HOLYHEAD, Isle of Anglesey £136,501 12.13%
2 CARMARTHEN, Carmarthenshire £166,287 7.47%
3 HOLYWELL, Flintshire £153,888 7.04%
4 LLANFYLLIN, Powys £154,861 6.20%
5 PONTYPRIDD, Rhondda Cynon Taff £120,598 5.92%
6 TREHARRIS, Merthyr Tydfil £106,423 4.40%
7 LLANDUDNO, Conwy £171,436 3.80%
8 BANGOR, Gwynedd £144,321 3.56%
9 BUCKLEY, Flintshire £143,862 3.07%
10 NEWTOWN, Powys £143,493 3.04%

Source: Zoopla.co.uk

Worst Performing Towns Average Home Value % Change 2009
1 PRESTATYN, Denbighshire £125,341 -8.24%
2 PEMBROKE DOCK, Pembrokeshire £126,033 -7.19%
3 LLANBRYNMAIR, Powys £142,578 -6.83%
4 YSTRAD MEURIG, Ceredigion £148,181 -6.73%
5 RHYL, Denbighshire £118,079 -6.37%
6 MONTGOMERY, Powys £176,488 -6.32%
7 NEATH, Neath Port Talbot £113,367 -6.13%
8 BURRY PORT, Carmarthenshire £125,322 -4.99%
9 CHEPSTOW, Monmouthshire £223,322 -4.37%
10 MAESTEG, Bridgend £94,292 -3.75%

Source: Zoopla.co.uk

Entry filed under: General News, House Prices. Tags: .

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1 Comment Add your own

  • 1. Monevator  |  August 5, 2009 at 12:18 PM

    Interesting variations — shows how choppy the data is at the moment.

    Looking at the English market that I know best, however, that does seem to indicate a shift from ‘frothy’ easy credit money fuelled areas to more solid value.

    (Or perhaps I’ve read too many stories about footballer’s mansions, which I associate with those areas — and to be fair, footballers are paid in cash!)

    I still think this Spring bounce will peter away in the year though.

    Reply

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