Posts tagged ‘property values’

Zoopla launch heatmaps of UK property values

Heatmap of UK property values

We’ve just launched a very exciting new and unique way to look at UK property values on Zoopla.co.uk.

Welcome to our property heatmaps which show the average current property value of homes across the UK in a clear and easy to visualise format. The new heatmaps can be found on all maps across the Zoopla website and can be viewed at varying zoom levels down to individual postcodes.

In addition to the new heatmaps on the property market overview pages, we have also added a variety of other valuable local property information that provides an essential research tool for potential house hunters. This data is located on the ‘market overview’ pages of  Zoopla.co.uk. These newly launched stats include (for any geographic area):

  • the number of properties on the market
  • average asking prices – property for sale and to rent
  • the average size of properties in the area
  • the average price per square foot

We feel that the addition of heatmaps to our site allows our users to easily visualise the relative property values in any area of the country. Together with the unique market data we are now making available, this is all part of our mission to empower our users with the information they need to make the right property decisions and to become the most useful property resource in the UK.

So, if you like them why not click the buttons at the bottom of the post or leave a comment and let us know what you think.

How the heatmaps work

To generate our heatmaps, we use our current value estimates to generate a color gradient overlay. In this color overlay, different colors correspond to the different average property values in each geographic area. Higher value areas tend towards red, and lower value areas tend towards blue. The value scale is dynamic and relative: Red in one locality may not have the same value as red in another locality, but on any given map, red is always higher value than blue. By making the scale dynamic, we make it easier to see the variation that exists within any locality. If we didn’t do this, West London would be red, and the rest of the country subtle shades of blue – clearly not very useful! To determine which colours correspond to which values, you can consult the value pin markers displayed on the map. The value pins show the average value for that specific location, and contain links to the market overview pages for those specific localities.

Heatmap of London property values

London Heatmap (click image to zoom)

Heatmap of Glasgow property values

Glasgow Heatmap (click to zoom)

Heatmap of Manchester property values

Manchester Heatmap (click to zoom)

Heatmap of Birmingham property values

Birmingham heatmap (click to zoom)

Heatmap of Bristol property values

Bristol Heatmap (click to zoom)

Heatmap of Nottingham property values

Nottingham Heatmap (click to zoom)

Heatmap of Liverpool property values

Liverpool Heatmap (click to zoom)

Heatmap of Leeds property values

Leeds Heatmap (click to zoom)

Heatmap of Sheffield property values

Sheffield Heatmap (click to zoom)

Heatmap of Edinburgh property values

Edinburgh Heatmap (click to zoom)

Heatmap of Cardiff property values

Cardiff Heatmap (click to zoom)

As always, please feel free to share and use this information, all we ask is that you credit the source as Zoopla.co.uk and link to Zoopla.co.uk. Thank you.

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July 29, 2011 at 9:18 AM 5 comments

What’s happening to Olympic area property values?

Olympic Stadium CGI

With one year to go till the London 2012 Olympics, we’ve looked into how property values have performed since London won the title as host city for the games.

There’s no doubt that the redevelopment to a number of areas across the UK as a result of the Olympics has had a positive impact on property prices. Much of the focus to date has been on East London but there are many other areas benefitting from the investment and attention of the Olympics.

Key findings:

  • Property prices around Olympic sites up 11.9% since Games announced
  • Outstripping average UK house price growth of 7.2% over same period
  • London’s Olympic venues underperform overall strong growth in capital
  • £30.8bn added to residential property values around Olympics sites

Property prices in close proximity to the UK Olympic venues have recorded an 11.9% increase since the Games were awarded to London in July 2005, outstripping the UK average of 7.2% over the same period, according to our data.

Over £30bn has been added to the total value of residential properties located in close proximity to the UK Olympic sites since the announcement, with £6.4bn in added-value to house prices in East London alone. The budget for delivering the Olympics is currently on target at £9.3bn with exactly one year to go.

Outside London, properties nearby seven of the ten major Olympic venues have recorded noticeably higher price growth than the surrounding areas. In Lee Valley, Hertfordshire where the White Water Centre has been developed for canoeing events, house prices have risen 12% since the announcement compared to 7.2% growth on average in the region. And in Eton Dorney, where the rowing facility has been upgraded to accommodate the Olympics, average home values have risen 14.3% compared to the regional average of 8.2%.

However, in London property values in direct proximity to the Olympic venues have underperformed having risen 18.9% since the games were awarded compared to overall house price growth of 27.2% in the capital since July 2005.

The underperformance of the London venues says far less about the Olympics than it does about the overall London property market which has outperformed the rest of the UK by a wide margin in the last few years. And it is unlikely that property in East London would have seen anything like the value growth it has recorded without the Olympics.

Change in property values in Olympic areas since July 2005 (%)

Olympic Area All Areas
Inside London 18.9% 27.2%
Outside London 7.8% 5.1%
All UK 11.9% 7.2%

Source: Zoopla.co.uk

Change in property values in Olympic areas outside London (%)

Venue Olympic Area Region
Millennium Stadium, CA1 11.00% 0.80%
City of Coventry Stadium, CV5 2.00% -2.00%
Brands Hatch, DA3 9.60% 7.20%
Weymouth & Portland 6.80% 6.30%
Lee Valley, EN9 12.00% 7.20%
Hampden Park, G42 11.10% 17.90%
Hampton Court Palace, KT8 16.70% 7.20%
Old Trafford, M16 2.90% -1.50%
Eton Dorney, SL4 14.30% 7.20%
Hadleigh Farm, SS7 3.90% 8.20%

Source: Zoopla.co.uk

As always, please feel free to share and use this information, all we ask is that you credit the source as Zoopla.co.uk and link to Zoopla.co.uk. Thank you.

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July 27, 2011 at 10:02 AM Leave a comment

Home values hit 8 month low, according to Zoopla.co.uk


Our latest property data shows that property values have fallen every month since last July.

However, whilst it has been a challenging period for the property market over the past few months, the recent dip in prices and the notable variance between regions may have created some interesting buying opportunities. The first half of 2010 provided strong gains in market values but, since last summer, economic uncertainty and lending constraints have eroded these gains and put downward pressure on house prices.

Our latest figures show:

  • British property values down 11% from last July
  • Avg. house price down by £26k in England
  • With house prices 18% below peak, is now time to buy?
  • North East remains hardest hit area, London most resilient

Having hit a 5-year low in February 2009, property values rose steadily during the rest of that year and throughout the first half of 2010, but have since fallen for the past eight successive months, by an average of 11.09% since last summer, creating a potential buying opportunity.

Property prices in England have fallen by an average of £26,240 (11.06%) since last July, whilst in Scotland they are down on average by £21,489 (12.37%) and in Wales by £17,205 (10.73%). The average home values now stand at £211,003 in England, £152,106 in Scotland and £143,182 in Wales according to our figures.

Across Britain, average house prices are now 18.01% (£45,594) below their peak, with the average house price at £201,911 compared to £247,505 in October 2007. The recent dip over the past 8 months could well have created a buying opportunity if prices start to pick up in the second half of the year as predicted by many.

Regionally, the North East has been hardest hit over the past few months, down 14.12% since last July with average local house prices now at £146,242. Not surprisingly, London has proved most resilient down only 7.59% over the same period to an average of £378,295 today. Property values in the North East now stand at 24.39% below their October 2007 peak, a massive drop of £47,173, compared to London where prices now are only 8.36% below the peak levels having fallen £34,527.

House price drop by country

Country Avg. value
Mar ‘11
Change since
Jul ‘10
Avg. value
Oct ’07 peak
Change since
Oct ’07 peak
Scotland £152,106 -12.37% £161,436 -5.79%
England £211,003 -11.06% £261,035 -19.17%
Wales £143,182 -10.73% £182,537 -21.55%
BRITAIN £201,911 -11.09% £247,505 -18.01%

Source: Zoopla.co.uk, March 2011

House price drop by region

Region Avg. value
Mar ‘11
Change since
Jul ‘10
Avg. value
Oct ’07 peak
Change since
Oct ’07 peak
North East England £146,242 -14.12% £193,415 -24.39%
South West England £208,806 -12.73% £261,879 -20.27%
East of England £216,186 -12.56% £268,517 -19.49%
Scotland £152,106 -12.37% £161,436 -5.79%
South East England £257,211 -12.19% £313,010 -17.83%
Yorkshire & The Humber £133,915 -11.69% £172,216 -22.24%
Wales £143,182 -10.73% £182,537 -21.55%
West Midlands £161,342 -10.19% £204,297 -21.03%
North West England £148,269 -9.56% £189,378 -21.71%
East Midlands £153,244 -8.29% £183,660 -16.56%
London £378,295 -7.59% £412,822 -8.36%

Source: Zoopla.co.uk, March 2011

As always, please feel free to share and use this information, all we ask is that you credit the source as Zoopla.co.uk and link to either Zoopla.co.uk or blog.zoopla.co.uk. Thank you.

March 22, 2011 at 12:08 AM Leave a comment

We’ve just launched our Zoopla property app for Android users

Ever walked past the home of your dreams and wondered if it’s for sale or what it last sold for, or even what it might be valued at right now?

Well, you can do all of the above and more with our brand new property app for Android phones.

The Zoopla Android app follows the success of our highly acclaimed Zoopla iPhone app, which achieved over 50,000 downloads in its first two weeks alone. We’ve now become the first of the major UK property portals to launch a dedicated app for users of Android powered smartphones.

It’s free, feature-packed and has been designed as the ultimate property market resource, allowing users to both search for property listings and research the property market ‘on the move’.

One of the most exciting features is Augmented Reality (AR). We were the first to bring it to the UK market via our iPhone app and we’ve now incorporated it into our new Android app. It lets the user point their phone at any property using camera view to display any relevant information such as whether the property is for sale, how much it last sold for or what it is valued at today.

Here are some of the key features of the Zoopla Android app:

  • Hundreds of thousands of properties for sale and to rent
  • Free, instant value estimates for all 27 million UK homes
  • Over 16 million house prices paid dating back to 1995
  • Local market data including average home values by area
  • Map-led search as well as list view and Augmented Reality
  • One touch click to call or email estate agents instantly

Download it now from the Android Market on your mobile or visit zoopla.co.uk/android

Or for iPhone users visit zoopla.co.uk/iphone

January 18, 2011 at 9:18 AM Leave a comment

Property values rise £130 billion in 2010 or £13.64 per day – Zoopla

Grade II listed house for sale in Rutland, where property values have performed best in 2010

We saw a fast run up in property values during the first part of the year propelled by a shortage of supply, with increases very skewed towards London and the South. Whilst the market has cooled a bit over the last half of the year, on average an extra £5,000 has been added to the value British homes – good news before Christmas and defies many predictions made at the start of the year.

Here are the key points for 2010:

  • Property values in Britain rose by £130 billion in 2010
  • Average home value now at £215,824 up from £210,846 last December
  • An average increase per property in Britain of £4,978 or £13.64 per day
  • House prices climb for second year in row but still well below 2007 highs
  • Property values up in England but down in Scotland and Wales over 2010
  • Total value of residential property in Britain now stands at £5.55 trillion
  • Transaction volumes remain anaemic with outlook uncertain

2010 is likely to be recorded as a very mixed year in the property market, one that beat many expectations in terms of house price stability but failed to excite anyone in terms of the volume of transactions as a result of the lack of available finance.

Our latest figures show that the value of the average home in Britain grew by £4,978 over 2010 (£13.64 per day), up 2.36% from £210,846 last December to £215,824 today.

The overall gain for British property owners in 2010 was £130 billion, with the value of housing stock in Britain rising to £5.55 trillion, up from £5.42 trillion one year ago, still some £550 billion below its peak at the end of 2007.

Whilst the first half of this year showed strong growth in house prices, with the average home in Britain reaching a high of £219,106 in August, the market has since cooled with values falling back to £215,824 and giving up almost half the gains made since the beginning of the year.

Different parts of Britain have also shown a wide disparity over the year, with the average home in England gaining £6,483 (2.96%) over the year whilst property values have fallen in both Wales and Scotland by £5,438 (3.42%) and £2,898 (1.79%) respectively.

Homeowners in Rutland, Oxfordshire and Cambridgeshire have most to celebrate this year having all seen average property prices increase by over 7% in 2010. At the other end of the scale, it has not been a good year for homeowners in South Lanarkshire, Lincolnshire or West Yorkshire where average house prices have fallen by over 2.5% during 2010.

2010 Property Values

Britain Av. value today 1 yr change % 1 yr change £
England £225,880 2.96% £6,483
Scotland £159,400 -1.79% -£2,898
Wales £153,388 -3.42% -£5,438
Total Britain £215,824 2.36% £4,977

Source: Zoopla.co.uk

Best Performing Areas (2010)

Area/County Av. value today 1 yr change % 1 yr change £
Rutland £266,069 8.53% £20,900
Oxfordshire £308,084 8.30% £23,615
Cambridgeshire £239,091 7.23% £16,110
Bath and NE Somerset £290,550 6.48% £17,669
Dorset £256,274 6.16% £14,875

Source: Zoopla.co.uk

Worst Performing Areas (2010)

Area/County Av. value today 1 yr change % 1 yr change £
South Lanarkshire £128,604 -4.20% -£5,641
Lincolnshire £154,889 -2.75% -£4,377
West Yorkshire £152,320 -2.70% -£4,219
Durham £132,491 -2.69% -£3,661
Rhondda Cynon Taff £106,489 -2.56% -£2,801

Source: Zoopla.co.uk

As always, please feel free to share and use this information, all we ask is that you credit the source as Zoopla.co.uk and link to either Zoopla.co.uk or blog.zoopla.co.uk. Thank you.

December 17, 2010 at 11:21 AM 1 comment


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