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Sunday, June 26, 2022

Revealed: Britain’s top places where house prices rose up to 31% in 2021

Mountain Ash, in the County Borough of Rhondda Cynon Taf in Wales leads the list of Britain’s top 10 places where house prices rose fastest in 2021, having shot up by an average of 31% over the past year.

Closely behind is Porth, in Rhondda Cynon Taf, where asking prices have risen by 26%, and Kirkby in Liverpool is third at 21%, according to the data provided by Rightmove.

Wales tops the tables as this year’s regional price hotspot. Average asking prices are up 10.5% in Wales compared to last year, followed by the South West (+9.6%) and the South East (+9.1%)

Only St. Ives appears in the top 20 asking price hotspots from the South of England. Average asking prices in St. Ives have risen 15% this year, from £411,484 to £473,161.

Further highlighting the popularity of properties in areas of Wales this year, Holyhead has topped the list of areas that have seen the biggest jump in sales agreed. The number of sales agreed in Holyhead has risen 58% compared to last year, and four of the top ten areas are in Wales.

Dalgety Bay, in Fife, Scotland is this year’s quickest market – with homes in the area finding a buyer in an average of two weeks. The top ten is predominantly locations in Scotland, however Scotland often leads the way in these rankings due to the differing process of securing a buyer compared to England and Wales.

A combination of sustained high demand, and shortage of properties for sale this year, has meant competition between buyers for the properties available has risen by more than a third during 2021 (36%).

Demand is set to continue to be high into 2022, and with every region hitting record price growth this year and seven in ten homes for sale on Rightmove finding a buyer, it may signal an opportunity for those considering a move in the new year to get the most for their property.

Tim Bannister, Rightmove’s director of property data, said: “This year has seen significant growth in average asking prices across so many areas of Great Britain. Strong competition for available properties, driven by low stock and high demand, has propped up asking prices throughout the year, and agents report that having multiple bidders for available properties will continue to be a theme into at least the first half of next year, although we do expect a better balance of supply and demand during the course of 2022, and some fresh property choice for buyers.

“With so many areas reaching asking price records, homeowners might be thinking that the new year is the time to take action and move, and maximise the return for their property. We’re expecting a wave of new buyers early in the new year, so we’d recommend this group who might be considering coming to market speak to their local agent for advice on making a new year move.”


Average asking price hotspots

Area Region Average Asking Price 2021 Average Asking Price 2020 Average Asking Price Change
Mountain Ash, Rhondda Cynon Taff Wales £137,220 £104,431 +31%
Porth, Rhondda Cynon Taff Wales £141,727 £112,754 +26%
Kirkby, Merseyside North West £141,252 £116,265 +21%
Rawmarsh, South Yorkshire Yorkshire and The Humber £153,404 £127,986 +20%
Methil, Fife Scotland £89,726 £75,731 +18%
Bradley, West Yorkshire Yorkshire and The Humber £178,858 £151,469 +18%
Whitby, North Yorkshire Yorkshire and The Humber £254,218 £217,620 +17%
Tranmere, Cheshire North West £123,536 £106,085 +16%
Norris Green, Merseyside North West £133,618 £115,034 +16%
Sneinton, Nottinghamshire East Midlands £146,241 £126,604 +16%
Milford Haven, Pembrokeshire Wales £170,248 £147,758 +15%
Handsworth, Birmingham West Midlands £202,602 £175,876 +15%
Haxby, York Yorkshire and The Humber £352,507 £306,530 +15%
St. Ives, Cornwall South West £473,161 £411,484 +15%
Stewarton, Ayrshire Scotland £162,640 £141,560 +15%
Bacup, Lancashire North West £174,535 £152,069 +15%
Little Hulton, Greater Manchester North West £149,155 £130,024 +15%
Walmersley, Greater Manchester North West £202,170 £176,487 +15%
Rossington, Doncaster Yorkshire and The Humber £170,590 £149,350 +14%
Anfield, Merseyside North West £106,202 £93,001 +14%


Increase in number of sales agreed

Area Region Average Asking Price 2021 Average Asking Price Change Sales agreed difference 2021 vs 2020
Holyhead, Anglesey Wales £189,455 +6% +58%
Mablethorpe, Lincolnshire East Midlands £173,612 +13% +57%
Bartley Green, Birmingham West Midlands £166,319 +6% +46%
Porth, Rhondda Cynon Taff Wales £141,727 +26% +40%
Liswerry, Newport Wales £216,189 +12% +39%
Montrose, Angus Scotland £152,002 0% +39%
Ebbw Vale, Blaenau Gwent Wales £150,639 +12% +37%
Auchterarder, Perthshire Scotland £289,886 +5% +31%
Old Basford, Nottinghamshire East Midlands £163,904 +10% +30%
Litherland, Merseyside North West £139,917 +12% +30%


Quickest markets to find a buyer

Area Region Average Asking Price 2021 Average Asking Price Change Average time to find a buyer 2021 (days) Time to find a buyer change (days) 2021 vs 2020
Dalgety Bay, Fife Scotland £240,239 +14% 14 -19
Uddingston, Glasgow Scotland £172,012 +4% 15 -17
Rosyth, Fife Scotland £128,783 +2% 15 -11
Bishopton, Renfrewshire Scotland £241,050 +5% 16 -19
Falkirk, Stirlingshire Scotland £131,483 +8% 16 -8
Denny, Stirlingshire Scotland £146,379 +5% 16 -17
Bellshill, Lanarkshire Scotland £109,637 +8% 17 -16
Kirkby, Merseyside North West £141,252 +21% 17 -29
Blantyre, Glasgow Scotland £126,488 +6% 17 -13
Glenrothes, Fife Scotland £128,614 +7% 18 -19


Source: propertyindustryeye.com

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