Is your house in one of these sought-after regions?
The property agents Hamptons International has identified the top property hotspots for the UK based on transactions made in 2014.
Unsurprisingly, eight out of the 10 areas showing the biggest price inflation are within the M25, with just two of them north of the river, Hackney and Belgravia.
Timing of the report is apt, with Halifax publishing its Generation Rent report today, which reveals that 82% of 20- to 40-year-old Londoners fear they’ll never own a home.
The two non-London areas to show massive price inflation in 2014 are South Chester West and the literary lovers’ favourite, Hay-on-Wye.
The five regions showing biggest price inflation outside London are:
1. Chester: Average house price = £275,000. Inflation = 22%
2. Coulsdon: Average house price = £450,000. Inflation = 19%
3. Warlingham: Average house price = £560,000. Inflation = 17%
4. North Cambridge: Average house price = £370,000. Inflation = 17%
5. Caterham: Average house price = £397,000. Inflation = 17%
London’s biggest risers
1. Belgravia: Average house price = £4,950,000. Inflation = 35%
2. Stockwell: Average house price = £500,000. Inflation = 35%
3. New Cross: Average house price = £380,000. Inflation = 33%
4. Forest Hill: Average house price = £500,000. Inflation = 32%
5. Peckham: Average house price = £495,000. Inflation = 32%
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