With Santa Claus all but ready to visit homes across the UK, hybrid estate agent eMoov.co.uk has compiled its naughty and nice property lists of 2017, based on the average increase or decrease in house prices across the UK since last December.
Despite a tough year for the housing market, there are plenty of property owners across the nation that make the nice list, with some double-digit house price growth.
Swale in Kent has seen prices increase by an average of 14.4% since last Christmas – the largest rise across the UK. East Northamptonshire (12.7%), Oadby and Wigston in Leicestershire (12.4%), and Cambridge (12.0%) have all also enjoyed strong growth of 12% or more.
Torridge in North Devon (11.8%), Corby, which neighbours East Northamptonshire (11.7%), Test Valley in Hampshire (11.7%), West Somerset (10.9%), the Orkney Islands (10.9%), and the London Borough of Merton (10.5%) make up the top ten.
In actual monetary terms, the City of London tops the table, with a 9.4% average rise that equated to a gain of over £76,000. Merton and Cambridge also feature, along with Waverley in Surrey, where property owners have all seen an increase of over £40,000 since last Christmas.
For those property owners making the naughty list this Christmas, it’s those in the Shetland Islands that come off the worst, with prices down by an average of 21.3% since December 2016.
Kensington and Chelsea (-8.0%), Hartlepool (-7.4%), and the City of Westminster are also among the largest, down by more than 5%.
Newcastle (-3.8%), Guildford in Surrey (-2.9%), Hyndburn in Lancashire, the London Borough of Brent (-2.5%), the City of Aberdeen (-1.9%), and Bracknell Forest in Berkshire (-1.5%) all also make the top ten largest declines.
Unfortunately for London’s most prestigious property owners, Kensington and Chelsea is also top for the largest monetary decrease, down by over £100,000 since Christmas last year.
Russell Quirk, the Founder and CEO of eMoov, comments: “Despite a hard year for UK property, there are still plenty of areas that can rejoice over strong price growth, defying the wider market uncertainty that has seen an overall slowdown.
“These lists highlight the diversity of the market and, while there will be no gold, frankincense or myrrh, homeowners across six different UK regions will all enjoy double-digit price growth this Christmas.”
He adds: “Although the other end of the table is equally as diverse, no one likes to make the naughty list, especially when that list relates to the UK’s property lumps of coal.”
How have the values of your properties fared over the past year? And do you make either the naughty or nice property lists of 2017?