Wolverhampton named as one of top areas for fastest growing house prices

Wed 20 Jan 2021

Wolverhampton is amongst ten other areas that have been names as the 'top ten areas for fastest growing house prices'.

An interesting article by Birmingham Mail has outlined the top areas that have seen the fastest growing house prices throughout 2020.

They spoke with Halifax Managing Director Russell Galley who said “Depending on the borough, you could be looking at the biggest price rise or the biggest falls in the capital (London).

“House prices have leapt by more than 11% in Yorkshire’s great cosmopolitan city of Leeds and almost 10% in Wolverhampton at the heart of the Black Country.

“Further north, Doncaster and Inverness have also seen healthy growth and whilst the overall house price trend this year has been upward, anyone looking to buy in Paisley, Hackney, or Aberdeen will find homes cost a little bit less than last year.”

London saw the biggest contrasts - with homes in Islington jumping 13.4% (£85,918) in value, while the cost of buying a home in Hackney fell £9,843 (1.5%)."

Here are the biggest winners of 2020 according to Halifax data:

· Islington, Greater London, 13.40% (£85,918 up)

· Leeds, Yorkshire & Humberside, 11.30% (£25,024 up)

· Croydon, Greater London, 10.90% (£39,177 up)

· Wolverhampton, West Midlands, 9.50% (£18,975 up)

· Hounslow, Greater London, 9.10% (£43,697 up)

· Doncaster, Yorkshire & Humberside, 8.80% (£14,263 up)

· Inverness, Scotland, 8.10% (£14,687 up)

· Bournemouth, South West, 7.70% £22,243 up)

· Watford, South East, 7.70% (£32,850 up)

· Romford, Greater London, 7.60% (£27,735 up)