Stoke leads house prices higher while London languishes – report
Stoke leads house prices higher while London languishes – report
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Stoke-on-Trent notched up the biggest growth in house prices this year as buyers sought out more affordable locations, but Huddersfield and many London boroughs saw values fall, a lender has said. Halifax unveiled its list of the biggest UK regional house price risers and fallers, with Stoke-on-Trent in Staffordshire taking the top spot with a 17.2% jump to an average of £227,002 in the 12 months to September 2024.
This marked a turnaround after the city was the biggest faller in 2023. It was followed closely by Slough in Berkshire with a 14.9% surge in prices to an average of £497,704, and Oldham in Greater Manchester, which enjoyed a 14.6% leap to £250,546, according to the Halifax data.
Some areas of the UK... have seen remarkable house price growth this year, as buyers perhaps seek out more affordable areas. In a similar reversal of fortunes, Huddersfield in West Yorkshire lost its place at the top of the growth league last year to slip to the bottom in 2024, with prices down by 6.6% on average to £260,498.
It was a similar picture in Wirral, Merseyside, where prices dropped 5.4% to an average of £294,250. London dominated the fallers board, with a raft of boroughs across the capital seeing declines as affordability was put under pressure by high prices.
Amanda Bryden, head of mortgages at Halifax, said: “Some areas of the UK – including Stoke-on-Trent, Wolverhampton and Dunfermline – have seen remarkable house price growth this year, as buyers perhaps seek out more affordable areas where house prices, despite increases, are still coming in under the national average.
