House costs have grown in 70 native authorities throughout Britain regardless of an general UK-wide fall, in accordance with the newest evaluation from a subsidiary of the UK’s largest mortgage lender.
The space with the most important improve was Powys in Wales, which is Wales’s largest and least densely populated county, containing most of Bannau Brycheiniog, previously often known as Brecon Beacons National Park.
There, the typical property price £253,958 – 17.4% extra within the three months to the tip of September than the identical time a 12 months earlier, evaluation of the Halifax home value index confirmed.
Halifax is owned by the Lloyds Banking Group, the UK’s greatest mortgage supplier.
It was adopted by East Lindsey within the East Midlands, the place properties grew 13.3% extra expensive to £220,421 on common, the best improve in England.
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Contained within the East Lindsey district is the Lincolnshire Wolds space of excellent pure magnificence (AONB) and three blue flag seashores.
The third biggest value rise got here in one other largely rural space, Moray in Scotland which contains a part of the Cairngorms National Park. Prices rose 10.7% from the three months to September 2022 to 2023, with the typical property costing £179,606.
They’re the highest three of greater than 70 native authority areas the place common home costs have risen over the past 12 months in defiance of the nationwide development.
Across the UK, home costs are down practically 4% (3.9%) over the past 12 months, Halifax stated, as increased rates of interest have made mortgages dearer, which has dampened demand amongst potential consumers.
Typical home costs in additional than 300 native authority areas had been checked out as a part of the evaluation.
“In many regions there remain pockets of house price growth,” stated the director of Halifax mortgages Kim Kinnaird.
“While a limited supply of properties for sale could be a factor, this also suggests in some areas, local market activity – and demand among buyers – remains strong.”
While there have been double digit home value will increase, the most important falls remained in single digits.
Biggest falls in home prices got here within the south east of England, with a 5.7% drop, and within the south west of the nation with a 5.5% decline.
Source: information.sky.com”