UK Property Market

Brighton is UK’s Hotspot in Property Price Growth for over a Decade

The city of Brighton Leads UK’s property price list with a 280 per cent gain since 1996, according to a study by Halifax.

The following positions in the top three are held by Truro In Cornwall, with a 270 per cent rise since 1996, and London, with 254 per cent. With £3,883 per square metre, London Homes remain the most expensive in UK, while Oxford At £3,010 and St Albans At £2,903 follow at close distance.

Northern Ireland, which has seen overall rises of more than 40 per cent last year, has cities such as Armagh, where property has gained 231 per cent since 1996. This ranks as the country’s sixth biggest rise, followed by Belfast With 229 per cent.

Halifax Chief economist Martin Ellis underlines that at 280 per cent, Brighton Has witnessed the fastest growth in price per square metre. From £673 in 1996, properties in the seaside city cost now £2,559 per square metre.

While ten years ago London came in second after St Albans in the list of UK’s most expensive cities, the capital ranks now at number one with its average £3,883 per square metre.

The capitals of Wales, Scotland And Northern Ireland Are also the most expensive cities in these regions. The Halifax Research shows that in 2006 the average property in Cardiff Came at £1,777 per square metre, in Edinburgh At £2,218, and in Belfast At £1,720.

Share This

• London’s Brent is UK’s most unaffordable place to buy
• The Gap in London Property Prices Increases
• Average house price up to £180, 594 in May
• London rents hit record levels in June
• Home prices rise by 0.4% in June

Comments are closed.