Property Drop Issue 20
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Excellent news for West Gloucestershire readers as Cheltenham tops the table of <strong>20</strong>17 house price winners.<br />
• 13% annual house price growth for spa town is nearly five times UK average<br />
• Bournemouth and Brighton complete top three with 11% growth each<br />
• Perth replaces Aberdeen as home of largest annual house price fall<br />
The Gloucestershire town of Cheltenham saw the highest percentage rise in house prices of any major UK town<br />
or city in <strong>20</strong>17, according to new research by Halifax.<br />
The average house price in the town that’s located on the edge of the Cotswolds and is famous for its horse<br />
racing and cultural festivals, was 13% higher than in the previous year, increasing from £277,118 to £313,150 in<br />
<strong>20</strong>17; nearly five times the 2.7% increase in the UK as a whole.<br />
The seaside town of Bournemouth on the south coast experienced the second biggest rise, with an increase of<br />
11.7%, while Brighton, on the south east coast completed the top three with an 11.4% rise in the past year.<br />
Fifteen of the <strong>20</strong> top house price performers are in London and southern England - these include Crawley<br />
(10.4%), Newham (10.2%), Peterborough (10.1%), Gloucester (9.5%) and Exeter (9.1%).<br />
Huddersfield (9.3%) in Yorkshire and the Humber, Nottingham (8.9%) and Lincoln (8.4%) in the East Midlands<br />
along with Stockport in the North West (8.2%) and Swansea in Wales (7.7%) are the top performers outside London<br />
and the South, making the top <strong>20</strong> this year.<br />
Russell Galley, Managing Director, Halifax commented: “A number of towns and cities have recorded significant<br />
rises in house prices over the past year, with all of the top <strong>20</strong> performers recording growth of at least double the<br />
national average.<br />
“Unlike last year, the top performers are not<br />
exclusive to London and the South East, with the top<br />
spot now belonging to Cheltenham in the South West,<br />
and towns in East Anglia, East Midlands, North West,<br />
Wales and Yorkshire and the Humber also making the<br />
list.”<br />
The average house price in the London boroughs of<br />
Richmond upon Thames and Barnet have grown in cash<br />
terms by over £40,000 since <strong>20</strong>16. In Richmond upon<br />
Thames, the average house price has risen by £45,463<br />
(or 7.6%) to £646,112 and in Barnet - £41,697 (or<br />
7.7%) to £584,049.<br />
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Page<br />
18<br />
Monmouthshire<br />
properties, Bristol<br />
advertising<br />
Ever since the news that the Severn Bridge toll was set to be reduced, Bristol<br />
buyers have been crossing the Severn in search of value for money. More recently<br />
the confirmation that the toll is due to be abolished altogether has sparked a<br />
further wave of buyers looking to move to our side of the river, which is why<br />
Archer & Co advertise properties on both sides!<br />
Page<br />
29<br />
Monaco. Something to dream about ...<br />
All our property and lifestyle aspirations vary from person to person, but<br />
this article on Monaco certainly lifts the spirits and reminds us of the many<br />
beautiful places elsewhere in the world to live.<br />
bedroom<br />
bathroom<br />
www.thepropertydrop.co.uk<br />
01600 717255<br />
info@thepropertydrop.co.uk<br />
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