Skip to main content

Newham is UK's top house price performer in 2015



Newham in London recorded the biggest percentage rise in house prices among major UK towns and cities over the past year, according to new research by Halifax. 


Based on Halifax's own house price data, the average house price in the London borough was 22% higher than in the previous year, increasing from £261,399 to £319,522 in 2015. This is nearly double the 12% increase in London as a whole.



Newham community > 60,000 people to Central Park over the four day musical extravaganza – the highest number of visitors in the event’s 16 year history

Royston in Hertfordshire experienced the second biggest rise in average house prices with an increase of 19%. All ten top performers are in London and the SouthEast.

Keeping Hertfordshire Moving with tech- A tour of the Integrated Transport Control Centre.


Top performers outside the South East
Stroud in Gloucestershire, Wellingborough in Northamptonshire, and Solihull in the West Midlands were the top performers outside London and the South East; recording price rises of 14%-15% over the past year.




TOP 10 TOWNS WITH THE BIGGEST HOUSE PRICE INCREASES THIS YEAR 
           Town
          Region
Average House Price (2015)*1 yr % change
         Newham     Greater      London319,52222.2%
Royston  South East357,04919.1%
Redbridge  Greater London398,30618.8%
EnfieldGreater London395,55917.2%
Leigh On SeaSouth East314,17516.6%
CroydonGreater London329,42916.1%
BexleyGreater London311,17516.0%
DartfordSouth East262,64216.0%
RochesterSouth East236,13715.8%
AbingdonSouth East352,014         15.5%
United Kingdom National230,67210.1%

Source: Halifax  


Price falls
A small number of towns recorded modest declines in house prices 2015: Merthyr Tydfil in south Wales (-3.8%), Colwyn Bay in north Wales (-2.3%), Durham (-2.1%), and Coalville in Leicestershire (-0.5%).

The ten worst performing towns are outside London and the South East with the exception of the country’s most expensive area; Kensington and Chelsea, where prices have risen by just 1% in the last year .

Martin Ellis, housing economist at Halifax

"Those areas that have seen the biggest house price increases over the past year are either in outer London or within close commuting distance of the capital. Demand in these areas has risen as rapid house price rises in central London in the past few years have caused increasing numbers of people to look for property in more affordable areas.

"A few towns have experienced modest price falls. These areas are typically still suffering from relatively weak employment and economic conditions, which has dampened local housing demand."


Further Reading 


NOTIFICATION OF MAJOR INTEREST IN SHARES - Purplebricks Group PLC Neil WoodFord  & commentary from eMoov CEO


New head of development joins leading online estate agency easyProperty.com + launching #CRE auctions 

Property News 2015 Property Eye Highlights @onthemarketblog

 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES - Purplebricks Group PLC Neil WoodFord


Purplebricks more well known than other online real estate agents on brand recognition says poll