The latest research by estate agent comparison site, GetAgent.co.uk, has revealed which areas of the UK property market receive the prestigious and not so prestigious accolades of featuring in the property market Christmas dinner.
GetAgent analysed house price and transaction data since last Christmas to see which areas ended up on the plate as the best and the worst this festive season.
The Turkey – Kensington and Chelsea
When it comes to Christmas dinner, the turkey takes centre stage and so in this respect, GetAgent has crowned Kensington and Chelsea as the property Christmas dinner turkey. Why? With an average house price of £1.287m, the area is the most prestigious pocket of the UK property market with the highest price tag of all.
Roast Potatoes- Burnley
Just because something is cheap, it doesn’t mean it’s not an important part of the overall picture. While potatoes are one of the least expensive things you can buy, a Christmas dinner wouldn’t be the same without them and the same goes for Burnley. Burnley is the most affordable part of the UK market, with an average house price of just £88,458.
The Stuffing – Birmingham
While the turkey is the main event, we secretly all look forward to the stuffing. So while Kensington and Chelsea ranks as the most expensive area, GetAgent has included Birmingham in their property Christmas dinner as this area has seen the most transactions since last year at 10,239.
Parsnips – City of London
In contrast, parsnips are one feature that the majority of us could take or leave, there if you want them but unlikely to ruin Christmas dinner if they’re missing. So GetAgent has included the City of London with the area seeing just 110 sales since last Christmas, the least of all UK areas.
Pigs in Blankets – Rutland
As a nation, we’re obsessed with house prices and whether or not they’re going to climb. So it only made sense that GetAgent pair this feature of the property market with another national obsession. Rutland has seen house prices climb by a huge 14.6% over the last year placing the area as the pigs in blankets of the property market Christmas dinner.
Sprouts – Aberdeen
With a drop of -7.9%, Aberdeen has seen the biggest decline in house prices across the UK mainland in the last year. Guaranteed to leave a bad taste in the mouth of homeowners there but not the end of the world as we know it, it made sense that the area features as the most controversial of Christmas dinner items; the Brussell sprout.
Founder and CEO of GetAgent.co.uk, Colby Short said, “Perhaps not the most conventional way to analyse the winners and losers of the UK property market, but we thought it made sense to tie in a festive feel to our market analysis.
It’s been a strange year and while the market has largely exploded back into life following initial pandemic restrictions, not everywhere is feeling the benefit of returning buyer demand.
As is always the case, the fragmented nature of the UK market means that there are still plenty of areas where price growth and transaction levels remain stagnant. Unfortunately for Aberdeen, the area receives probably the least desirable accolade as the Brussell sprout of the UK property market.”