Stoke-on-Trent in Staffordshire topped the table for the biggest growth in house prices, with a 17.2% jump to an average of £227,002 in the 12 months to September 2024
The UK towns and cities with the biggest and worst house price growth have been revealed by Halifax.
Stoke-on-Trent in Staffordshire topped the table for the biggest growth in house prices, with a 17.2% jump to an average of £227,002 in the 12 months to September 2024. Halifax said this was down to buyers moving away to more affordable locations following huge increases in mortgage costs.
The city had been named the biggest faller in 2023. In second place, Slough in Berkshire saw a 14.9% surge in prices to an average of £497,704, and Oldham in Greater Manchester enjoyed a 14.6% leap to £250,546. On the other end of the table, Huddersfield in West Yorkshire saw prices fall by 6.6% on average to £260,498.
Huddersfield had topped the growth table in 2023. It was a similar picture in Wirral, Merseyside, where prices dropped 5.4% to an average of £294,250. London also featured heavily across the fallers board, with a raft of boroughs across the capital seeing declines.
On a regional basis, the South East of England had the slowest price growth, at 1.8%, while Northern Ireland was top of the table with 10.6%, followed by Yorkshire and The Humber at 6.4%. London prices rose overall despite falls across a number of boroughs, up 3.6% in the year.
Amanda Bryden, head of mortgages at Halifax, said: “Some areas of the UK – including Stoke-on-Trent, Wolverhampton and Dunfermline – have seen remarkable house price growth this year, as buyers perhaps seek out more affordable areas where house prices, despite increases, are still coming in under the national average.
“This trend is causing house prices in some areas to flip from slowing, to growing, such as Stoke-on-Trent, which was the biggest faller last year but showed the highest rate of growth regionally this year.”
She added: “The high asking price for London properties means house prices have fallen in several boroughs – perhaps a reflection that the relatively high cost of properties is stretching affordability for buyers, or perhaps what they are willing to pay.”
Top 10 places for biggest house price growth
List shows the area, the average price in 2024, and the percentage price growth.
- Stoke-on-Trent, West Midlands, £227,002, 17.2%
- Slough, South East, £497,704, 14.9%
- Oldham, North West, £250,546, 14.6%
- Bradford, Yorkshire and The Humber, £226,261, 13.1%
- Bolton, North West, £252,070, 12.9%
- Barnsley, Yorkshire and The Humber, £224,886, 12.6%
- Wolverhampton, West Midlands, £278,083, 12.4%
- Doncaster, Yorkshire and The Humber, £228,040, 11.6%
- Dunfermline, Scotland, £230,379, 10.8%
- Hamilton, Scotland, £229,835, 10.3%
Top 10 places for lowest house price growth
List shows the area, the average price in 2024, and the percentage price fall.
- Huddersfield, Yorkshire and The Humber, £260,498, 6.6%
- Wirral, North West, £294,250, 5.4%
- Ealing, London, £559,788, 4.9%
- Southwark, London, £555,325, 4.8%
- Kingston Upon Thames, London, £582,282, 4.2%
- Enfield, London, £506,667, 4.0%
- Harrow, London, £552,203, 3.6%
- Westminster, London, £730,859, 3.5%
- Bromley, London, £541,131, 3.2%
- Aylesbury, South East, £423,252, 2.8%